Uxin Announces Change of Chief Financial Officer
January 22 2021 - 7:45AM
Uxin Limited (“Uxin” or the “Company”) (Nasdaq: UXIN), a leading
nationwide online used car dealer in China, today announced that
Mr. Zhen Zeng has tendered his resignation as the Company’s Chief
Financial Officer for personal reasons. The Company’s board of
directors has appointed Mr. Feng Lin, Uxin’s Vice President of
finance, as the new Chief Financial Officer, effective immediately.
Mr. Zeng and Mr. Lin will work together closely to ensure a smooth
transition. Going forward, Mr. Zeng will continue to serve as an
advisor to the Company on capital markets related matters.
Mr. Kun Dai, Founder, Chairman and Chief
Executive Officer of Uxin, commented, “We are pleased to announce
that Feng will take on his new role as Uxin’s Chief Financial
Officer. Since joining as Vice President of finance in 2019, Feng
has played an instrumental role in the day-to-day management of the
Company’s finance function. We believe that Feng’s extensive
experience and dedication will strengthen the Company’s corporate
strategy and overall financial management. We would also like to
sincerely thank Zhen for his considerable efforts and contributions
during his tenure as CFO. Zhen has been a trusted partner and has
helped Uxin achieve various milestones over the last 10 years. We
wish him the very best in his future endeavors.”
Mr. Feng Lin joined Uxin as Vice President of
finance in August 2019. He has over 15 years of experience
overseeing finance and operations at multinational corporations
across technology, financial, and real estate industries. Prior to
joining the Company, Mr. Lin was the Vice General Manager of
finance at China Fortune Land Development, where he managed
corporate planning and group controlling. Prior to that, he served
as finance Director at Lenovo, and earlier as Financial Controller
at Microsoft. Mr. Lin had also served at HSBC Bank, Capital One
Financial Corporation, and PricewaterhouseCoopers. Mr. Lin holds a
double bachelor of science degree in geophysics and economics from
Peking University. He received both an MBA degree and an MPP degree
from The University of Chicago.
About UxinUxin Limited (Nasdaq:
UXIN) is a leading nationwide online used car dealer in China. With
its offerings of high-quality used cars and best-in-class
purchasing services, Uxin’s mission is to enable people to buy the
car of their choice online. Uxin’s one-stop online shopping mall
provides consumers with a nationwide selection of value-for-money
used cars, various value-added products and services as well as
comprehensive aftersales services. Its online sales consultants
offer professional consulting to facilitate a convenient and
efficient car purchase for consumers in a timely fashion. Its
comprehensive fulfillment network supports nationwide logistics and
delivery as well as title transfers between different cities across
China so as to fulfill these online transactions.
Safe Harbor StatementThis
announcement contains forward-looking statements. These statements
are made under the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
“will,” “expects,” “anticipates,” “future,” “intends,” “plans,”
“believes,” “estimates” and similar statements. Among other things,
the business outlook and quotations from management in this
announcement, as well as Uxin’s strategic and operational plans,
contain forward-looking statements. Uxin may also make written or
oral forward-looking statements in its periodic reports to the SEC,
in its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not
historical facts, including statements about Uxin’s beliefs 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: impact of the COVID-19 pandemic, Uxin’s
goal and strategies; its expansion plans; 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. Further information regarding
these and other risks is included in Uxin’s filings with the SEC.
All information provided in this press release and in the
attachments is as of the date of this press release, and Uxin does
not undertake any obligation to update any forward-looking
statement, except as required under applicable law.
For investor and media enquiries, please
contact:Nancy SongUxin Investor
RelationsTel: +86 10 5691-6765Email: ir@xin.com
Eric YuanChristensenTel: +86 10 5900
1548Email: uxin@christensenir.com
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