Uxin Limited announced a strategic partnership with Zhengzhou Airport Automobile Industry Co. Ltd. (Zhengzhou Airport Industry) to establish Uxin (Zhengzhou) Intelligent Remanufacturing Co. Ltd. (the Joint Venture).

Pursuant to the joint venture agreement, Uxin (Anhui) Industrial Investment Co. Ltd. (Uxin Anhui), a wholly-owned subsidiary of Uxin, will contribute RMB120.0 million and Zhengzhou Airport Industry will contribute RMB50.0 million, representing approximately 70% and 30% of the Joint Venture's total registered capital, respectively. The Joint Venture aims to support Uxin's plan to establish a new used car super store in Zhengzhou.

This initiative is a key collaboration between Uxin and Zhengzhou Airport Industry to promote the development of the automotive aftermarket industry in the Henan Province and to build a leading brand in China's used car industry. Zhengzhou Airport Industry, with a registered capital of RMB1.0 billion, is a wholly-owned subsidiary of Zhengzhou Airport Economy Zone Technology Innovation Investment Group Co. Ltd. ("Zhengzhou Airport Investment Group").

Zhengzhou Airport Investment Group, with a registered capital of RMB20.0 billion, is a state-owned enterprise under the management of the Zhengzhou Airport Economy Zone Administrative Committee, with a credit rating of AA+. As of the end of 2023, Zhengzhou Airport Investment Group controlled and/or invested in 58 enterprises with combined total assets of approximately RMB30.0 billion and net assets of approximately RMB 10.0 billion.