Hefei Construction commits RMB1.5B investment in Uxin’s subsidiary

Uxin announced that it has entered into an equity investment agreement with Hefei Construction Investment North City Industrial Investment. Pursuant to the Agreement, Hefei Construction Investment has committed to invest up to RMB1.5B in Uxin‘s wholly-owned Hefei subsidiary, Youxin Automobile Intelligent Remanufacturing, over the next decade in multiple instalments. This investment will support the operation and development of Uxin’s used car super store in Changfeng County, Hefei City. Following the completion of the investment, Hefei Construction Investment’s equity ownership in Uxin Hefei will not exceed 50%, and Uxin retains the right to repurchase such equity stake. This investment will not dilute Uxin Limited’s shares listed on NASDAQ. The Changfeng Superstore, developed by Uxin, has a total construction area of 450,000 square meters, comprising one of the world’s most advanced used car reconditioning factories and the world’s largest used car warehouse-style showrooms capable of showcasing up to 10,000 vehicles. Changfeng Superstore has recently completed constructions and commenced trial operations.