 BEIJING, April 01, 2021 GLOBE NEWSWIRE -- Uxin Limited Uxin or the Company Nasdaq: UXIN, a leading nationwide online used car dealer in China, today announced that it has entered into a binding term sheet with two established Asian funds on April 1, 2021, pursuant to which the potential investors have agreed to negotiate and potentially enter into definitive agreements with the Company for the subscription of senior convertible preferred shares. The potential transaction has an aggregate investment amount of potentially up to US300 million. The completion of the potential transaction is subject to the parties execution of definitive agreements and customary closing conditions to be stipulated therein. 