Uxin Limited announced changes to its board of directors in connection with the private placement of USD 230 million convertible notes of the Company announced previously. Mr. Jinbo Yao and Mr. Qiang Chang Sun have each been appointed as a director to the Board. Mr. Shun Lam Steven Tang has been appointed as an independent director to the Board and as the chairperson of its audit committee, and a member of its compensation committee and nominating and corporate governance committee. Mr. Yong Zhong Huang has also been appointed as an independent director to the Board and as a member of its audit committee and compensation committee, and the chairperson of its nominating and corporate governance committee. In addition, Mr. Zhen Zeng and Mr. Brian Hongdi Gu have resigned from their respective director position and will no longer serve on the Board or any of its committees. Mr. Zeng will remain as the Chief Financial Officer of the Company. Following these changes to the Board, the audit committee of the Board consists of Mr. Shun Lam Steven Tang, Mr. Yong Zhong Huang and Ms. Rong Lu, with Mr. Shun Lam Steven Tang serving as the chairperson, the compensation committee consists of Mr. Shun Lam Steven Tang, Mr. Yong Zhong Huang and Ms. Rong Lu, with Ms. Rong Lu serving as the chairperson, and the nominating and corporate governance committee consists of Mr. Shun Lam Steven Tang, Mr. Yong Zhong Huang and Ms. Rong Lu, with Mr. Yong Zhong Huang serving as the chairperson. Mr. Jinbo Yao is the founder of 58.com Inc. and has served as chairman of its board of directors and chief executive officer since its inception. Mr. Yao is a pioneer in the PRC internet industry. Before founding 58.com Inc., in 2000, Mr. Yao founded domain.cn. Mr. Qiang Chang Sun has served as TPG’s Managing Partner for China since September 2017. Prior to joining TPG, he was chairman of the board of directors and founder of Black Soil Group. From 1995 to 2015, Mr. Sun was a partner at Warburg Pincus Asia and served as chairman of Asia Pacific for the firm and a member of the firm’s Executive Management Group. Mr. Shun Lam Steven Tang has served as an executive director at Vital Mobile Holdings Limited since 2015, where he oversees the compliance of Vital Mobile as a public company. Prior to this, Mr. Tang served as the chairman of the board of directors of RDA Microelectronics Limited from 2009 to 2015. Mr. Tang served as the chief executive officer of Coolsand Technology from 2008 to 2010. Mr. Tang has over 35 years of experience in high-tech, semiconductors, electronics, automotive, forestry, pharmaceutical and consumer sectors, and has served as directors and committee members of private companies and publicly-listed companies. Mr. Yong Zhong Huang is the founder of Juntong Capital, an independent equity investment firm that focuses on private equity investments in China. Before founding Juntong Capital in 2014, Mr. Huang was a global partner responsible for Asian investments at Pantheon Ventures. Prior to joining Pantheon Ventures in 2004, Mr. Huang was the head of Shanghai office for AIG Global Investment Co and also worked at Schroders and Merrill Lynch as investment banker.