Uxin CEO Kun Dai Initiates $5 Million Share Purchase Plan
Kun Dai, chairman and CEO of Beijing-based used car retailer Uxin, has formalized a plan to acquire up to $5 million in company shares. The transaction, executed through his controlled entity Xin Gao Group Limited, aims to bolster his stake following an initial announcement made earlier this June.
The trading plan, adopted on June 30, 2026, aligns with Rule 10b5-1 of the Securities Exchange Act of 1934, providing a structured framework for insider acquisitions. Under the terms, purchases will proceed only if the price per American Depositary Share remains at or below $2.85. To comply with mandatory regulatory cooling-off periods, the acquisition activity is set to begin on September 28, 2026.
This move follows the CEO's original purchase commitment disclosed on June 18. By utilizing a pre-arranged plan, Uxin ensures these transactions adhere to internal insider trading policies while providing transparency to the market. The company, which operates an omni-channel model across China, continues to focus on its digital retail strategy and used car management operations.
Comments (0)
No comments yet. Be the first!