Uxin Limited (NASDAQ: UXIN), a used car retailer in China, announced that its chairman and chief executive officer, Kun Dai, intends to purchase up to $5 million of the company's American Depositary Shares using personal funds over a 12-month period beginning June 25, 2026.

The purchases will be subject to applicable rules and regulations and Uxin's insider trading policy, according to a press release from the company.

"The recent slowdown in China's new vehicle market has created headwinds for China's used car industry," Dai said. "As the industry further consolidates, companies like Uxin with proven scale advantages are well positioned to capture more market share."

Dai also cited a company target to operate 50 superstores and reach an annual transaction volume of more than one million units by 2030.