Insider TradingJul 1, 2026, 07:36 AM
Uxin Chairman's Entity Adopts $5M ADS Purchase Plan
AI Summary
Uxin Ltd. announced that Xin Gao Group Limited, an entity controlled by its Chairman and CEO, Mr. Kun Dai, has adopted a Rule 10b5-1 purchase plan. This plan allows for the acquisition of up to US$5 million of the company's American Depositary Shares. Purchases will be made under specific conditions, including a maximum price of US$2.85 per ADS, and are set to begin on September 28, 2026, after the required cooling-off period.
Key Highlights
- Xin Gao Group Limited, controlled by Chairman and CEO Mr. Kun Dai, adopted a Rule 10b5-1 plan.
- The plan authorizes the purchase of up to US$5 million of Uxin's American Depositary Shares (ADS).
- Purchases will be executed only if the price is no more than US$2.85 per ADS.
- The plan was adopted on June 30, 2026, following a previous announcement on June 18, 2026.
- Purchases are authorized to commence on September 28, 2026, after a 90-day cooling-off period.
Price Impact
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