Uxin Announces the Resignation of Chief Operating Officer
September 16 2019 - 7:30AM
Uxin Limited (“Uxin” or the “Company”) (Nasdaq: UXIN), a leading
national online used car dealer in China, today announced that Mr.
William Peng has resigned as the Company’s Chief Operating Officer,
effective September 15, 2019, due to his pursuit of other career
interests in the investment area.
Mr. Kun Dai, the Company’s Founder, Chairman and
Chief Executive Officer, will directly oversee the Company’s
business operations going forward. This aligns well with the
Company’s growth strategy, the evolving business model and related
operational changes underway.
Mr. Kun Dai, Founder, Chairman and Chief
Executive Officer of Uxin, said, “We sincerely appreciate William’s
great contributions over the past four years through many
milestones in the growth of our business. His deep insight and
strong execution have been very valuable to us through those years.
We wish him the best in his future endeavors. Going forward, I will
directly oversee Uxin’s day-to-day operations, working with our
full management team to drive sustainable growth of our
business.”
About UxinUxin Limited (Nasdaq:
UXIN) is a leading national online used car dealer in China. Uxin’s
mission is to enable people to buy the car of their choice, no
matter where they are located or what their budget is. Uxin enables
consumers to buy used cars through an innovative integrated online
platform and offline service and fulfilment network, which address
each step of the transaction and cover the entire value chain. Its
online presence is bolstered by an offline network of more than
1,300 service centers in over 250 prefecture-level cities
throughout China.
Safe Harbor Statement This
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. 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. 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 enquiries, please
contact: Nancy SongUxin Investor RelationsTel: +86 10
5691-6765Email: ir@xin.com
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