Uxin (UXIN) Registration Filing summary

Company overview and business model

• Operates as a leading used car retailer in China, utilizing an inventory-owning model and omni-channel sales approach integrating online and offline superstores.

• Offers comprehensive transaction solutions, including acquisition, inspection, reconditioning, warehousing, and after-sales services.

• Expanded superstore network in Xi'an, Hefei, and Wuhan, with strategic partnerships to support further regional growth.

• Transitioned from a VIE structure to direct ownership of PRC subsidiaries after March 2022 restructuring.

Financial performance and metrics

• Not profitable and has negative cash flows from operations, with cumulative losses since inception.

• No dividends paid or planned; no direct transfers of cash, assets, or dividends to U.S. investors for recent fiscal years.

• Capital contributions made to PRC subsidiaries from Hong Kong entities in recent periods.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used as set forth in applicable prospectus supplements; no proceeds from selling shareholders.

• Centralized cash management policy directs fund transfers within the organization based on business needs and regulatory compliance.