Uxin Partners with Huigang Qihang and Chan Fa Ke Chuang for Used Car Venture

Uxin Limited, a leading used car retailer in China, has formed a strategic partnership with Jiangyin Huigang Qihang Investment Partnership and Jiangyin Chan Fa Ke Chuang Investment Partnership to establish Uxin (Jiangyin) Intelligent Remanufacturing Co., Ltd. The joint venture will support Uxin's plan to build a new used car superstore in Jiangyin. Uxin will contribute RMB68 million, while Huigang Qihang and Chan Fa Ke Chuang will each contribute RMB16 million, representing approximately 68%, 16%, and 16% of the joint venture's total registered capital, respectively.