Uxin enters MOU with Pintu Information Technology for proposed investment

Uxin announced that it has entered into a memorandum of understanding, or MOU, with Pintu Information Technology, an indirect wholly-owned subsidiary of Dida, with respect to a proposed investment in the company by the investor. Pursuant to the MOU, the investor intends to subscribe for 1,543,845,204 Class A ordinary shares of the company for an aggregate subscription amount of $7.5M, based on a subscription price of US$0.004858 per share. The proposed investment is subject to the parties’ execution of definitive agreements and closing conditions to be stipulated therein. In connection with the proposed investment, the investor and the Youxin Industrial Investment have entered into a loan agreement pursuant to which the Investor agrees to extend a loan in a principal amount of RMB equivalent of $7.5M to Youxin Anhui. Youxin Anhui is a wholly-owned subsidiary of the company.