BEIJING, November 30, 2021 (GLOBE NEWSWIRE) – Uxin Limited (“Uxin” or the “Company”) (NASDAQ: UXIN), one of the leading nationwide online used car dealers in China, announced today that it will be included in the MSCI Global Small Cap – China Index, effective after the U.S. market closes on November 30, 2021.
Mr. John Lin, Chief Financial Officer of Uxin, said: “The inclusion of Uxin in the MSCI Global Small Cap Index – China represents another key milestone and a strong testament to the success of our company’s transformation into a proprietary inventory model for the past year. Uxin was the first Chinese used vehicle company to be publicly traded in the United States Over the past decade since our inception, our unwavering passion and laser-focused mission has been to empower people to buy easily the car of their choice online. Our customer-centric practices continue to drive the optimization of our business model and we are committed to innovating and delivering the best products and services that have made us who we are today. This important milestone also reflects investor confidence in the Company’s long-term growth strategy and its strong national leadership. We thank all of our shareholders for their continued support and we will continue to operate the business responsibly and sustainably to deliver long-term value to all shareholders. “
With over 45 years of research, data and technology expertise, MSCI is a leading provider of decision support tools and services to the global investment community. The MSCI Global Small Cap Index – China is a free float-adjusted market capitalization index that is composed of 254 components and represents approximately 14% of the universe of Chinese equities.(1). The MSCI indices are among the most respected and widely used benchmarks in the financial industry. The MSCI China Index is also a benchmark index widely referenced among institutional investors.
(1) Source: MSCI data
Uxin Limited (Nasdaq: UXIN) is one of the leading domestic online used car dealers in China. With its high-quality used car offerings and top-notch shopping services, Uxin’s mission is to empower people to buy the car they want online. Uxin’s one-stop online shopping center offers consumers a nationwide selection of good-value used cars, various value-added products and services, and comprehensive after-sales service. Its online sales consultants offer professional advice to facilitate a convenient and efficient car purchase for consumers in a timely manner. Its comprehensive distribution network supports nationwide logistics and delivery as well as title transfers between cities across China to complete these transactions online.
Safe Harbor Declaration
This press release contains statements that may constitute “forward-looking” statements that are made in accordance with the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by terminology such as “Will”, “expects”, “anticipates”, “aims”, “future”, “intends”, “foresees”, “believes”, “estimates”, “is likely to” and similar statements. Statements that are not historical facts, including statements about Uxin’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the documents filed by Uxin with the United States Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Uxin assumes no obligation to update any forward-looking statement, except as required by applicable law.
For investor and media inquiries, please contact:
Phone. : +86 10 5691-6765
Email: [email protected]
Phone. : +86 10 5900 1548
Email: [email protected]