Uxin Limited announced a strategic partnership with Hebei Chengying Investment Promotion Operation Co. Ltd. to establish Uxin (Shijiazhuang) Automobile Maintenance Co. Ltd., aiming to support the Company's plan to establish a new used car superstore in Shijiazhuang.

Pursuant to the Joint Venture Agreement, Uxin (Anhui) Industrial Investment Group Co. Ltd., a wholly-owned subsidiary of the Company, will contribute RMB 30.0 million, and Hebei Chengying will contribute RMB 10.0 million to the Joint Venture, respectively, representing approximately 75% and 25% of the Joint Venture's total registered capital, respectively. The establishment of the Joint Venture reflects an important collaboration between Uxin and state-owned enterprises in Shijiazhuang, aimed at promoting the development of the automotive aftermarket industry across North China and building a leading brand in China's used car industry.