Uxin Limited (NASDAQ: UXIN), a used car retailer based in China, has completed the issuance of Class A ordinary shares to parties designated by NIO Capital for an aggregate purchase price of $15 million.

The shares were issued at $0.00953 per Class A ordinary share, equivalent to $2.859 per American depositary share. The $15 million represents a portion of the $20 million committed by NIO Capital affiliates under share subscription agreements signed on December 26, 2025.

Under those agreements, NIO Capital affiliates agreed to invest $20 million and Prestige Shine Group Limited agreed to invest $30 million, for a combined total of $50 million. The full transaction covers 5,246,589,717 Class A ordinary shares at the same per-share price.

Uxin said the company and investors are working toward closing the remaining committed investment, subject to customary closing conditions.