Dida Inc. Engages in Key Transactions with Connected Entities

Dida Inc. (HK:2559) has released an update.

Dida Inc. has announced a connected transaction involving a share subscription and a loan provision, both with entities under the control of Mr. Li Bin, a non-executive Director with significant voting rights in Uxin Limited. The transactions include Pintu Beijing, a subsidiary of Dida Inc., subscribing to over 1.5 billion Class A Ordinary Shares of Uxin Limited for $7.5 million, and providing a loan of the same amount to Youxin Anhui, a subsidiary of Uxin Limited. These transactions are subject to certain listing rules but do not require independent shareholder approval.

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