{"id":469351,"date":"2021-04-01T03:03:10","date_gmt":"2021-04-01T07:03:10","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=469351"},"modified":"2021-04-01T03:03:10","modified_gmt":"2021-04-01T07:03:10","slug":"uxin-announces-entry-into-a-binding-term-sheet-with-potential-investors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/uxin-announces-entry-into-a-binding-term-sheet-with-potential-investors\/","title":{"rendered":"Uxin Announces Entry into a Binding Term Sheet with Potential Investors"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">BEIJING, April  01, 2021  (GLOBE NEWSWIRE) &#8212; Uxin Limited (\u201cUxin\u201d or the \u201cCompany\u201d) (Nasdaq: UXIN), a leading nationwide online used car dealer in China, today announced that it has entered into a binding term sheet with two established Asian funds on April 1, 2021, pursuant to which the potential investors have agreed to negotiate and potentially enter into definitive agreements with the Company for the subscription of senior convertible preferred shares. The potential transaction has an aggregate investment amount of potentially up to US$300 million. The completion of the potential transaction is subject to the parties\u2019 execution of definitive agreements and customary closing conditions to be stipulated therein.<\/p>\n<p>\n        <strong>About Uxin<\/strong>\n      <\/p>\n<p align=\"justify\">Uxin Limited (Nasdaq: UXIN) is a leading nationwide online used car dealer in China. With its offerings of high-quality used cars and best-in-class purchasing services, Uxin\u2019s mission is to enable people to buy the car of their choice online. Uxin\u2019s one-stop online shopping mall provides consumers with a nationwide selection of value-for-money used cars, various value-added products and services as well as comprehensive aftersales services. Its online sales consultants offer professional consulting to facilitate a convenient and efficient car purchase for consumers in a timely fashion. Its comprehensive fulfillment network supports nationwide logistics and delivery as well as title transfers between different cities across China so as to fulfill these online transactions.<\/p>\n<p>\n        <strong>Safe Harbor Statement<\/strong>\n      <\/p>\n<p align=\"justify\">This announcement contains forward-looking statements. These statements are made under the \u201csafe harbor\u201d provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as \u201cwill,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201cfuture,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cbelieves,\u201d \u201cestimates\u201d and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Uxin\u2019s strategic and operational plans, contain forward-looking statements. Uxin may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Uxin\u2019s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: impact of the COVID-19 pandemic, Uxin\u2019s goal and strategies; its expansion plans; its future business development, financial condition and results of operations; Uxin\u2019s expectations regarding demand for, and market acceptance of, its services; its ability to provide differentiated and superior customer experience, maintain and enhance customer trust in its platform, and assess and mitigate various risks, including credit; its expectations regarding maintaining and expanding its relationships with business partners, including financing partners; trends and competition in China\u2019s used car e-commerce industry; the laws and regulations relating to Uxin\u2019s industry; the general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Uxin\u2019s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Uxin does not undertake any obligation to update any forward-looking statement, except as required under applicable law.<\/p>\n<p>\n        <strong>For investor and media enquiries, please contact:<\/strong><br \/>\n        <br \/>\n        <strong>Investor Relations<\/strong><br \/>\n        <br \/>Uxin Limited<br \/>Tel: +86 10 5691-6765<br \/>Email:\u00a0<u>ir@xin.com<\/u><\/p>\n<p>\n        <strong>Eric Yuan<\/strong><br \/>\n        <br \/>Christensen<br \/>Tel: +86 10 5900 1548<br \/>Email:\u00a0<u>uxin@christensenir.com<\/u><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMDA1NyM0MTAyMDAwIzIwOTk4NDA=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/d45a475e-daf9-4c94-bae9-5e467ee61c7a\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BEIJING, April 01, 2021 (GLOBE NEWSWIRE) &#8212; Uxin Limited (\u201cUxin\u201d or the \u201cCompany\u201d) (Nasdaq: UXIN), a leading nationwide online used car dealer in China, today announced that it has entered into a binding term sheet with two established Asian funds on April 1, 2021, pursuant to which the potential investors have agreed to negotiate and potentially enter into definitive agreements with the Company for the subscription of senior convertible preferred shares. The potential transaction has an aggregate investment amount of potentially up to US$300 million. The completion of the potential transaction is subject to the parties\u2019 execution of definitive agreements and customary closing conditions to be stipulated therein. About Uxin Uxin Limited (Nasdaq: UXIN) is a leading nationwide online used &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/uxin-announces-entry-into-a-binding-term-sheet-with-potential-investors\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Uxin Announces Entry into a Binding Term Sheet with Potential Investors&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-469351","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Uxin Announces Entry into a Binding Term Sheet with Potential Investors - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/uxin-announces-entry-into-a-binding-term-sheet-with-potential-investors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Uxin Announces Entry into a Binding Term Sheet with Potential Investors - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BEIJING, April 01, 2021 (GLOBE NEWSWIRE) &#8212; Uxin Limited (\u201cUxin\u201d or the \u201cCompany\u201d) (Nasdaq: UXIN), a leading nationwide online used car dealer in China, today announced that it has entered into a binding term sheet with two established Asian funds on April 1, 2021, pursuant to which the potential investors have agreed to negotiate and potentially enter into definitive agreements with the Company for the subscription of senior convertible preferred shares. The potential transaction has an aggregate investment amount of potentially up to US$300 million. The completion of the potential transaction is subject to the parties\u2019 execution of definitive agreements and customary closing conditions to be stipulated therein. 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