Uxin Ltd 6-K, filed Mar 31, 2022
Uxin Ltd (UXIN)
About this 6-K
Uxin Ltd filed this 6-K on March 31, 2022.
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 March 2022
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): ¨
Uxin Provides Update on the Restructuring of its VIE Structure
In order to streamline its corporate structure and considering the changing regulatory environment, Uxin Limited (the "Company" or "Uxin") has recently completed a restructuring process (the "Restructuring") to terminate the contractual arrangements with both of its variable interest entities (collectively, the "VIEs") which have become wholly owned subsidiaries of the Company. Pursuant to the Restructuring, the Company's wholly owned subsidiaries that have contractual arrangements with the VIEs and their respective shareholders have purchased all equity interests held by such shareholders in the VIEs. Accordingly, all contractual arrangements that enabled such shareholders to exercise effective control over the VIEs, receive substantially all of the economic benefits of the VIEs and have exclusive options to purchase all or part of the equity interests in the VIEs, were effectively terminated. As a result of the Restructuring, the VIEs have become wholly owned subsidiaries of the Company and the Company currently operates its business in China directly through its subsidiaries, rather than through any variable interest entity.
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: March 31, 2022