Uxin (UXIN) director Liu Erhai reports major indirect share ownership

Rhea-AI Filing Summary

Uxin Ltd director Liu Erhai has filed an initial ownership report showing very large indirect holdings of the company’s Class A ordinary shares. The filing reports 19,671,380,446 Class A ordinary shares held indirectly through entities he ultimately controls, including Astral Success Limited, BRIGHTEST SKY LIMITED and Joy Capital III, L.P. He disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Liu Erhai

(Last) (First) (Middle)

NO. 16 GUANGSHUN S. AVENUE,

CHAOYANG DIST

(Street)

BEIJING 100102

(City) (State) (Zip)

CHINA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Uxin Ltd [ UXIN ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A ordinary shares	19,671,380,446	I	see footnote(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes (i) 17,496,912,310 Class A ordinary shares held by Astral Success Limited, (ii) 1,469,706,336 Class A ordinary shares held by BRIGHTEST SKY LIMITED, and (iii) 704,761,800 Class A ordinary shares held by Joy Capital III, L.P. Each of the foregoing entities is ultimately controlled by the reporting person. The reporting person disclaims the beneficial ownership of the securities of the issuer held by such entities, except to the extent of his pecuniary interest therein.

	/s/ Erhai Liu	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does Uxin (UXIN) director Liu Erhai report in this Form 3?

He reports indirect ownership of a very large block of Uxin Class A ordinary shares. The filing shows 19,671,380,446 shares held through entities he controls, with a disclaimer of beneficial ownership beyond his pecuniary interest.

How many Uxin (UXIN) shares does Astral Success Limited hold?

Astral Success Limited holds 17,496,912,310 Uxin Class A ordinary shares. It is one of several entities ultimately controlled by director Liu Erhai, whose indirect holdings are reported in this initial ownership statement on Form 3.

Which entities hold Uxin (UXIN) shares related to Liu Erhai’s Form 3?

The Form 3 lists Astral Success Limited, BRIGHTEST SKY LIMITED, and Joy Capital III, L.P. Together they hold over 19.6 billion Class A ordinary shares, and each entity is ultimately controlled by director Liu Erhai.

Does Liu Erhai claim full beneficial ownership of his reported Uxin (UXIN) shares?

No. He disclaims beneficial ownership of the Uxin securities held by the controlled entities, except to the extent of his pecuniary interest. This means his economic stake is acknowledged without asserting full beneficial ownership of all reported shares.

Is Uxin (UXIN) director Liu Erhai’s Form 3 a buy or sell transaction?

It is not a buy or sell transaction. Form 3 is an initial ownership report, and this filing simply records indirect holdings of Uxin Class A ordinary shares rather than documenting new purchases or sales.