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No. 333-259199) and shall be a part thereof from the date on which this Current Report is furnished, to the extent not superseded by documents or reports subsequently filed or furnished.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 | ||||||||||||