GlobeNewswire Inc | Apr 22, 2021 08:28AM EDT

April 22, 2021

BEIJING, April 22, 2021 (GLOBE NEWSWIRE) -- Uxin Limited (Uxin or the Company) (Nasdaq: UXIN), a leading nationwide online used car dealer in China, today announced that it has entered into a strategic partnership with JD.com to launch a self-operated online store for used car transactions through JDs platform.

The two companies will work together to provide consumers with one-stop online used car purchase solutions including used car inspection, purchasing, insurance, and aftersales services, and explore additional opportunities in data management, technology, inspection standards, and integrated supply chains in the used car business.

Mr. Kun Dai, Founder, Chairman and Chief Executive Officer of Uxin, commented: We are excited about this opportunity to cooperate with JD.com to offer customers a higher quality and more reliable used car purchasing experience than what is currently available in the market. Leveraging JD.coms strong e-commerce capabilities and extensive offline network and Uxins enriched experience, expertise in the online used car business and proven inventory-owning model, we are confident in our ability to better serve our customers and raise industry standards and service quality levels. We believe we are well positioned to capture the huge growth potential in Chinas used car market as we continue to strengthen our foothold.

About UxinUxin Limited (Nasdaq: UXIN) is a leading nationwide online used car dealer in China. With its offerings of high-quality used cars and best-in-class purchasing services, Uxins mission is to enable people to buy the car of their choice online. Uxins one-stop online shopping mall provides consumers with a nationwide selection of value-for-money used cars, various value-added products and services as well as comprehensive aftersales services. Its online sales consultants offer professional consulting to facilitate a convenient and efficient car purchase for consumers in a timely fashion. Its comprehensive fulfillment network supports nationwide logistics and delivery as well as title transfers between different cities across China so as to fulfill these online transactions.

Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as will, expects, anticipates, future, intends, plans, believes, estimates and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Uxins strategic and operational plans, contain forward-looking statements. Uxin may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Uxins beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: impact of the COVID-19 pandemic, Uxins goal and strategies; its expansion plans; its future business development, financial condition and results of operations; Uxins expectations regarding demand for, and market acceptance of, its services; its ability to provide differentiated and superior customer experience, maintain and enhance customer trust in its platform, and assess and mitigate various risks, including credit; its expectations regarding maintaining and expanding its relationships with business partners, including financing partners; trends and competition in Chinas used car e-commerce industry; the laws and regulations relating to Uxins industry; the general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Uxins filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Uxin does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media enquiries, please contact: Investor RelationsUxin LimitedTel: +86 10 5691-6765Email: ir@xin.com

Eric YuanChristensenTel: +86 10 5900 1548Email: uxin@christensenir.com