Insider TradingJun 18, 2026, 09:02 AM
Uxin CEO to Buy Up to $5M in ADSs, Citing Confidence in Prospects
AI Summary
Uxin Ltd. announced that its Chairman and CEO, Mr. Kun Dai, intends to purchase up to US$5 million of the company's American Depositary Shares (ADSs) using personal funds. The purchases will take place over a 12-month period starting June 25, 2026. Mr. Dai cited strong confidence in Uxin's intrinsic value and long-term business prospects, despite a slowdown in China's new vehicle market. He believes Uxin's data-driven model and scale advantages position it to capture greater market share and achieve its goal of operating 50 superstores with over one million annual transactions by 2030 in China's growing used car market.
Key Highlights
- Uxin Chairman and CEO, Mr. Kun Dai, plans to purchase company ADSs.
- He intends to buy up to an aggregate of US$5 million worth of American Depositary Shares.
- The share purchase period is 12 months, starting from June 25, 2026.
- Mr. Dai expressed confidence in Uxin's value and long-term business prospects.
- Uxin aims to operate 50 superstores and achieve over one million annual transactions by 2030.
- China's used car market is described as a trillion-RMB market with substantial growth potential.
Price Impact
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