Uxin Ltd. Sponsored ADR (UXIN.US) CEO Dai Kun plans to increase holdings by $5 million, firmly optimistic about the long-term value of the company.

On June 18, Uxin Ltd. Sponsored ADR, a leading Chinese retailer of second-hand cars, announced that the company's founder, chairman, and CEO, Kun Dai, plans to increase his holdings of the company's stock in the secondary market using personal funds within 12 months starting from June 25, 2026, with a total maximum amount of no more than $5 million. "This increase plan reflects my recognition of the company's intrinsic value and my strong confidence in the company's future development," said Kun Dai. According to the company's plans, Uxin Ltd. Sponsored ADR plans to operate around 50 superstores by 2030, achieving an annual retail volume of over 1 million vehicles. Kun Dai revealed, "As a steadfast value investor, the company's major long-term investors also have full confidence in the development prospects of the Chinese second-hand car industry and the company's long-term business plan." Uxin Ltd. Sponsored ADR continues to advance the construction of a national network of warehouse-style superstores. As of now, the company has operated six superstores in cities such as Xi'an, Hefei, Wuhan, Zhengzhou, Jinan, and Tianjin, and has reached strategic cooperation agreements with Chongqing, Shijiazhuang, and other places to accelerate its national layout. The above-mentioned increase plan will be implemented and executed in accordance with applicable laws and regulations, regulatory requirements, and Uxin Ltd. Sponsored ADR's insider trading policy. Uxin Ltd. Sponsored ADR's just-released financial report for the first quarter of 2026 shows total revenue of 1.074 billion RMB, a year-on-year increase of 112.9%; retail transaction volume reached 16,530 vehicles, a year-on-year increase of 119.1%, marking eight consecutive quarters of year-on-year growth exceeding 110%. The company's Net Promoter Score (NPS) for customers has further increased to 68, consistently maintaining a leading level in the industry of over 65 points. Regarding the current situation in the automotive industry, Kun Dai stated that the recent performance of the new car market has been weak, putting pressure on the second-hand car industry. However, this environment highlights the resilience and differentiation advantages of Uxin Ltd. Sponsored ADR's business model. Uxin Ltd. Sponsored ADR has long adhered to a core operating philosophy of "data-driven," establishing industry-leading high turnover operational capabilities. The industry's adjustment period provides consolidation opportunities for enterprises with scale operation capabilities, and Uxin Ltd. Sponsored ADR will further consolidate its competitive advantage and expand market share after this round of adjustment. Kun Dai stated that the Chinese second-hand car market is a trillion-dollar market with long-term growth potential. Uxin Ltd. Sponsored ADR will continue to adhere to a customer value-oriented approach, aim for high-quality growth, continuously drive the transformation and upgrading of the Chinese second-hand car industry, and create long-term value for consumers and shareholders.