Uxin Chairman Kun Dai Adopts Rule 10b5-1 Stock Purchase Plan Through Controlled Entity

Uxin Limited (Nasdaq: UXIN), a leading used car retailer in China, disclosed on July 1, 2026 that an entity controlled by chairman and chief executive officer Kun Dai has adopted a Rule 10b5-1 purchase plan. The Beijing-based company said it received notification of the plan directly from Mr. Dai, with the buying vehicle identified as Xin Gao.

What a Rule 10b5-1 Plan Signals

A Rule 10b5-1 plan is a pre-scheduled trading arrangement that allows corporate insiders to buy or sell shares at predetermined times, quantities, or price levels — established in advance to sidestep insider-trading liability concerns. Because the plan must be set up when the insider is not aware of material non-public information, the adoption itself carries a procedural signal: the insider is locking in a commitment to purchase before market conditions unfold. For buy-side observers, a purchase plan adopted by a company's own chairman and chief executive carries a different weight than an open-market opportunistic buy.

Kun Dai's Position at Uxin

Mr. Kun Dai holds the combined role of chairman of the board and chief executive officer at Uxin, giving him both governance oversight and day-to-day operational authority over the company. Uxin operates as a used car retailer in China — a market that has drawn significant attention as the country's automotive sector matures and pre-owned vehicle transactions grow as a share of total auto sales. The disclosure was structured through Xin Gao, an entity that Mr. Dai controls, a common arrangement when executives manage their equity exposure through holding structures rather than direct personal accounts.

What the Source Does Not Say

The announcement, as released, does not specify the size of the purchase plan, the price parameters or thresholds triggering purchases, the duration of the plan, or the number of American depositary shares or ordinary shares targeted. Investors looking for the mechanics of the plan — volume, timing windows, or total commitment — will need to monitor subsequent SEC filings from Uxin for those specifics. The company's disclosure does not include commentary from Mr. Dai on his rationale, nor does it provide context on Uxin's current share price or recent trading activity.

The plan adoption was disclosed by Uxin via press release on July 1, 2026.