Uxin Limited ("Uxin" or the "Company") (NASDAQ:UXIN), a leading used car retailer in China, today announced that the Company has been informed by Mr. Kun Dai, chairman of the board of directors and chief executive officer of the Company, that based on his confidence in the Company's value and long-term business prospects, he intends to use his personal funds to purchase up to an aggregate of US$5 million of Uxin's American Depositary Shares ("ADSs") in the 12-month period starting from June 25, 2026, pursuant and subject to applicable rules and regulations and Uxin's insider trading policy.

"The recent slowdown in China's new vehicle market has created headwinds for China's used car industry. However, this environment underscores the resilience and differentiated strengths of Uxin's business model. Uxin's data-driven operating model enables industry-leading inventory turnover capabilities for it. As the industry further consolidates, companies like Uxin with proven scale advantages are well positioned to capture more market share. I am confident that Uxin will emerge from this cycle with a stronger competitive position and greater market share," said Mr. Dai.

Mr. Dai continued, "China's used car market is a trillion-RMB market with substantial long-term growth potential. Uxin's current plan is to operate 50 superstores and achieve annual transaction volume exceeding one million units by 2030. I firmly believe that the Uxin's principal shareholders, as committed long-term value investors, share my strong conviction in the prospects of China's used car industry and in Uxin's long-term business plan. This share purchase plan reflects my confidence in the Uxin's intrinsic value and its future growth trajectory. Uxin will remain focused on delivering value to our customers and achieving high-quality growth, driving the transformation and upgrading of China's used car industry and delivering long-term value for its consumers and shareholders."