Uxin Provides Updates on Payments Under Financing Transaction with NIO Capital

BEIJING, Sept. 30, 2022 (GLOBE NEWSWIRE) — Uxin Limited (“Uxin” or the “Company”) (Nasdaq:UXIN), a leading e-commerce platform for buying and selling used cars in China, today announced that NIO Capital has made further payments for its subscription of senior convertible preferred shares of the Company based on further agreed-upon schedules. As previously disclosed, the Company has entered into definitive agreements with an affiliate of NIO Capital in June 2022 for the subscription of 714,285,714 senior convertible preferred shares of the Company for an aggregate investment amount of US$100 million, which will be paid in multiple installments. The same number of senior convertible preferred shares were issued on July 27, 2022 and the Company received the first installment in connection with the closing of the transaction.

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