BEIJING, Nov. 25,
2024 /PRNewswire/ -- Uxin Limited ("Uxin" or the
"Company", together with its subsidiaries, the "Group") (Nasdaq:
UXIN), China's leading used car
retailer, today announced that the Company's board of directors
approved a change of the Company's fiscal year end from
March 31 to December 31 each
year.
The primary purpose of this change is to streamline the
Company's financial reporting with global standards and align with
industry practices, enhancing comparability with peers. This
adjustment also allows the Company to better synchronize
operational planning and reporting cycles with market trends and
customer demands, ensuring more effective communication with
stakeholders and investors. The change of fiscal year end is
effective immediately.
About Uxin
Uxin is China's leading used car retailer, pioneering
industry transformation with advanced production, new retail
experiences, and digital empowerment. We offer high-quality and
value-for-money vehicles as well as superior after-sales services
through a reliable, one-stop, and hassle-free transaction
experience. Under our omni-channel strategy, we are able to
leverage our pioneering online platform to serve customers
nationwide and establish market leadership in selected regions
through offline inspection and reconditioning centers. Leveraging
our extensive industry data and continuous technology innovation
throughout more than ten years of operation, we have established
strong used car management and operation capabilities. We are
committed to upholding our customer-centric approach and driving
the healthy development of the used car industry.
Safe Harbor Statement
This press release contains statements that may constitute
"forward-looking" statements which are made pursuant to the "safe
harbor" provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "aims,"
"future," "intends," "plans," "believes," "estimates," "likely to,"
and similar statements. Statements that are not historical facts,
including statements about Uxin's beliefs, plans, 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: the risk and uncertainties as to the timing of the entry
into definitive agreements or consummation of the transactions; the
risk that certain closing conditions of the transactions may not be
satisfied on a timely basis, or at all; impact of the COVID-19
pandemic; Uxin's goal and strategies; its expansion plans and
successful completion of certain financing transactions; its future
business development, financial condition and results of
operations; Uxin's 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's used car e-commerce industry; the laws and
regulations relating to Uxin's industry; the general economic and
business conditions; and assumptions underlying or related to any
of the foregoing.
For investor and media enquiries, please contact:
Uxin Limited Investor Relations
Uxin Limited
Email: ir@xin.com
The Blueshirt Group
Mr. Jack Wang
Phone: +86 166-0115-0429
Email: Jack@blueshirtgroup.co
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SOURCE Uxin Limited