Uxin Announces Improve of Chief Economic Officer

BEIJING, Jan. 22, 2021 (World NEWSWIRE) — Uxin Constrained (“Uxin” or the “Company”) (Nasdaq: UXIN), a top nationwide on the net employed automobile dealer in China, currently announced that Mr. Zhen Zeng has tendered his resignation as the Company’s Main Financial Officer for particular motives. The Company’s board of administrators […]

BEIJING, Jan. 22, 2021 (World NEWSWIRE) — Uxin Constrained (“Uxin” or the “Company”) (Nasdaq: UXIN), a top nationwide on the net employed automobile dealer in China, currently announced that Mr. Zhen Zeng has tendered his resignation as the Company’s Main Financial Officer for particular motives. The Company’s board of administrators has appointed Mr. Feng Lin, Uxin’s Vice President of finance, as the new Chief Economic Officer, successful immediately. Mr. Zeng and Mr. Lin will work alongside one another closely to be certain a easy changeover. Going ahead, Mr. Zeng will continue to provide as an advisor to the Enterprise on cash marketplaces associated issues.

Mr. Kun Dai, Founder, Chairman and Main Government Officer of Uxin, commented, “We are happy to announce that Feng will consider on his new position as Uxin’s Chief Money Officer. Given that signing up for as Vice President of finance in 2019, Feng has performed an instrumental role in the working day-to-working day management of the Company’s finance operate. We feel that Feng’s considerable practical experience and commitment will strengthen the Company’s corporate tactic and all round money administration. We would also like to sincerely thank Zhen for his considerable initiatives and contributions all through his tenure as CFO. Zhen has been a trustworthy associate and has aided Uxin obtain many milestones about the last 10 years. We desire him the quite very best in his foreseeable future endeavors.”

Mr. Feng Lin joined Uxin as Vice President of finance in August 2019. He has in excess of 15 yrs of experience overseeing finance and operations at multinational companies across technology, monetary, and authentic estate industries. Prior to signing up for the Company, Mr. Lin was the Vice Normal Supervisor of finance at China Fortune Land Improvement, where he managed corporate planning and team managing. Prior to that, he served as finance Director at Lenovo, and before as Economic Controller at Microsoft. Mr. Lin experienced also served at HSBC Bank, Cash One Economic Corporation, and PricewaterhouseCoopers. Mr. Lin holds a double bachelor of science diploma in geophysics and economics from Peking University. He gained both of those an MBA diploma and an MPP diploma from The University of Chicago.

About Uxin
Uxin Confined (Nasdaq: UXIN) is a main nationwide on the internet utilized car or truck dealer in China. With its choices of large-quality employed automobiles and very best-in-course acquiring services, Uxin’s mission is to enable people today to obtain the vehicle of their option on the web. Uxin’s a person-cease on the net purchasing shopping mall supplies people with a nationwide range of worth-for-money utilised cars, many price-additional goods and expert services as nicely as detailed aftersales expert services. Its on the web gross sales consultants present experienced consulting to aid a hassle-free and successful car or truck invest in for shoppers in a timely trend. Its complete fulfillment community supports nationwide logistics and shipping and delivery as perfectly as title transfers involving diverse towns across China so as to fulfill these on the web transactions.

Risk-free Harbor Assertion
This announcement is made up of forward-searching statements. These statements are manufactured underneath the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-hunting statements can be identified by terminology this sort of as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and very similar statements. Amid other issues, the company outlook and quotations from administration in this announcement, as perfectly as Uxin’s strategic and operational ideas, include ahead-seeking statements. Uxin may well also make created or oral ahead-seeking statements in its periodic reports to the SEC, in its once-a-year report to shareholders, in push releases and other composed elements and in oral statements built by its officers, administrators or workers to 3rd get-togethers. Statements that are not historic facts, such as statements about Uxin’s beliefs and expectations, are forward-searching statements. Ahead-wanting statements require inherent threats and uncertainties. A number of elements could result in real outcomes to differ materially from people contained in any ahead-hunting statement, including but not constrained to the subsequent: effect of the COVID-19 pandemic, Uxin’s objective and methods its enlargement options its long term organization growth, monetary condition and success of operations Uxin’s expectations pertaining to demand for, and market acceptance of, its providers its means to present differentiated and exceptional client experience, preserve and improve customer have confidence in in its system, and evaluate and mitigate many risks, which includes credit history its expectations pertaining to maintaining and growing its associations with enterprise companions, together with financing associates traits and competition in China’s made use of automobile e-commerce sector the guidelines and laws relating to Uxin’s field the general economic and business problems and assumptions fundamental or associated to any of the foregoing. Even more info pertaining to these and other hazards is integrated in Uxin’s filings with the SEC. All data furnished in this push launch and in the attachments is as of the date of this push release, and Uxin does not undertake any obligation to update any forward-looking statement, other than as essential under applicable legislation.

For investor and media enquiries, you should contact:
Nancy Music
Uxin Trader Relations
Tel: +86 10 5691-6765
Electronic mail:  [email protected]

Eric Yuan
Christensen
Tel: +86 10 5900 1548
Email:  [email protected]

Rachel C. Carpenter

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