Uxin Announces Entry into Definitive Agreements for Financing Transaction of US$100 Million in Replacement of the Previously Announced Binding Term Sheet

BEIJING, June 30, 2023 (GLOBE NEWSWIRE) — Uxin Limited (‘Uxin’ or the ‘Company’, together with its subsidiaries, the ‘Group’) (Nasdaq: UXIN), a leading e-commerce platform for buying and selling used cars in China, today announced that it has entered into definitive agreements with an affiliate of an existing shareholder, Nio Capital, for the subscription of 714,285,714 senior convertible preferred shares of the Company for an aggregate amount of US$100 million, which will be paid in multiple installments.