Uxin Limited announced it has entered into a share subscription agreement with Lightwind Global Limited, an indirect wholly-owned subsidiary of Dida Inc. This agreement follows a memorandum of understanding previously announced on September 13, 2024.
Pursuant to the agreement, Dida's subsidiary will subscribe for 1,543,845,204 Class A ordinary shares of Uxin for an aggregate subscription amount of US$7.5 million. The subscription price for these shares is US$0.004858 per share.
This capital infusion is expected to bolster Uxin's liquidity and support its operational expansion. The completion of this transaction is subject to customary closing conditions outlined in the share subscription agreement.
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