UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of December 2021

 

 

 

Commission File Number: 001-38527

 

 

 

Uxin Limited

 

1&3/F, No. 12 Beitucheng East Road,

Chaoyang District, Beijing 100029,

People’s Republic of China
(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F x     Form 40-F ¨

 

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

 

 

 

 

 

EXPLANATORY NOTE

 

Exhibit 4.8 and 99.1 to this Current Report on Form 6-K are hereby incorporated by reference into the Registration Statement on Form F-3 of Uxin Limited (File No. 333-259199) and shall be a part thereof from the date on which this Current Report is furnished, to the extent not superseded by documents or reports subsequently filed or furnished.

 

 

 

Exhibit Index

 

Exhibit 4.8 – English Summary of Material Contract Terms of the Investment Cooperation Agreement

Exhibit 99.1 – Financial Information of the Variable Interest Entities of Uxin Limited

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

  UXIN LIMITED
       
       
  By  :

/s/ Feng Lin

  Name : Feng Lin
  Title : Chief Financial Officer

 

 

Date: December 7, 2021

 

 

Exhibit 4.8

 

English Summary of the Material Contract Terms of the Investment Cooperation Agreement

 

1.      The Investment Cooperation Agreement is between Changfeng County Government of Hefei City as Party A and Uxin (Hefei) Automobile Intelligent Remanufacturing Co., Ltd. as Party B.

 

1.2     Construction scale: Approximately 450,000m2

 

1.3     Investment scale: the total investment of the Project shall be RMB2,500,000,000 (including the investment of both Party A and Party B), of which, the fixed assets investment shall be RMB1,500,000,000.

 

1.5     Production cycle: Put into operation within three (3) months from the date of delivery to Party B after acceptance of the land, plant and supporting building facilities required for the Project.

 

4.3     Neither Party A nor any third party entrusted by Party A shall sublet the land, plant and supporting building facilities involved in the Project, in whole or in part, to any third party in any form or permit such third party to use them; and Party B shall not change the land use or hand over the Project to any third party for operation without the permission of Party A or any third party entrusted by Party A. If Party B must transfer the management right, in whole or in part, due to the change of circumstances before paying off the construction funds in the Project that advanced by Party A or any third party entrusted by Party A and registering the change of immovable property rights, the transferee can only be Party A or such third party designated by Party A.

 

6.4     If Party B transfers the management right or changes the business items without Party A’s consent,
Party A shall be entitled to terminate the Agreement.

 

10      Termination of the Agreement. Except for force majeure, neither Party may unilaterally terminate the Agreement unless the Parties reach an agreement through negotiation.

 

 

Exhibit 99.1

 

Financial Information of the Variable Interest Entities of Uxin Limited

 

The following tables set forth the assets, liabilities, results of operations and cash flows of the variable interest entities of Uxin Limited (the “VIEs”), which are Youxin Internet (Beijing) Information Technology Co., Ltd., and Youxin Yishouche (Beijing) Information Technology Co., Ltd., and their subsidiaries taken as a whole. Transactions between the VIEs and their subsidiaries are eliminated for the periods presented.

 

   March 31, 2020   March 31, 2021 
   RMB   RMB 
         
   (in thousands) 
Cash and cash equivalents    1,852    299 
Amounts due from related parties    195,345    207,313 
Accounts receivable    2,613    2,202 
Other receivables, net    32,578    43,493 
Inventory    2,120    - 
Prepaid expense and other current assets    2,545    2,514 
Long-term investments    6,065    5,666 
Property, equipment and software, net    4,224    3,531 
Intangible assets, net    375    313 
Total assets    247,717    265,331 
Accounts payable    4    4 
Amounts due to related parties    779,960    815,459 
Other payables and accruals    74,018    65,472 
Total liabilities    853,982    880,935 

 

   For the year ended December 31,   For the three
months ended
March 31,
   For the fiscal
year ended
March 31,
 
   2018   2019   2020   2021 
   RMB   RMB   RMB   RMB 
                 
   (in thousands) 
Total revenues    416,578    160,626    6,393    6,160 
Cost of revenues    (156,093)   (46,670)   (4,828)   (14)
Net (loss)/income    (85,882)   (47,672)   44,704    (9,341)
                     
Net cash used in operating activities    (51,713)   (45,393)   (31,962)   (1,825)
Net cash (used in)/generated from investing activities    (67,516)   3,071    157,405    23 
Net cash generated from/(used in) financing activities    81,489    319    (149,528)   249 
Net decrease in cash and cash equivalents    (37,740)   (42,003)   (24,085)   (1,553)
Cash and cash equivalents at beginning of the period    105,680    67,940    25,937    1,852 
                     
Cash and cash equivalents reclassified as held for sale assets    -    25,024    -    - 
Cash and cash equivalents at end of the period    67,940    913    1,852    299