Uxin 13G Disclosure: Ruiting/Lead Trend and Weiping Liang Report 5.2% Stake

Rhea-AI Filing Summary

Uxin Ltd: Three related reporting persons disclose beneficial ownership of 3,246,677,100 Class A ordinary shares, representing 5.2% of the Class A ordinary share class. The reported shares are directly held by RUITING HOLDINGS LIMITED. LEAD TREND INTERNATIONAL LIMITED holds 100% equity interest in RUITING and is therefore deemed beneficial owner of the same shares. Weiping Liang is reported as settlor of a trust whose trustee directly holds 100% equity interest in LEAD TREND, and is thus also deemed beneficial owner. The filing provides the ownership calculation basis of 61,850,771,119 Class A ordinary shares outstanding, with a disclosure about shares reserved by the depositary bank for ADS issuances under the issuer’s share incentive plan.

Positive

• Clear, compliant disclosure of a >5% beneficial ownership position (3,246,677,100 Class A shares, 5.2%).
• Ownership chain fully mapped showing RUITING, LEAD TREND and the settlor/trust relationship, aiding registry transparency.
• Denominator disclosed for percentage calculation (61,850,771,119 shares), including note on ADS-reserved shares.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: A single individual-linked ownership chain controls a >5% stake, disclosed clearly; governance implications require monitoring.

The filing transparently maps the ownership chain from RUITING to LEAD TREND to the settlor, identifying a consolidated beneficial position of 3,246,677,100 Class A shares (5.2%). That clarity is valuable for registrant governance and shareholder registry accuracy. This disclosure meets Schedule 13G requirements and informs investors of concentrated ownership that could influence voting outcomes or nomination activities, though the filing states the position is not held to change control.

Securities Analyst

TL;DR: Material disclosure of a 5.2% stake provides measurable ownership data for investor models and activist monitoring.

The exact share count and percentage allow analysts to update free-float and shareholder concentration metrics. The filing specifies the denominator used (61,850,771,119 shares) and notes shares reserved for ADS issuances, which assists in modeling dilution. The reporting persons assert no intent to influence control, consistent with a passive Schedule 13G filing, but the size of the stake is large enough to be factored into liquidity and block-trade risk assessments.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Uxin Ltd

(Name of Issuer)

Class A ordinary shares, par value US$0.0001 per share

(Title of Class of Securities)

91818X108

(CUSIP Number)

08/18/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 91818X108

1

Names of Reporting Persons

RUITING HOLDINGS LIMITED

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

VIRGIN ISLANDS, BRITISH

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,246,677,100.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 3,246,677,100.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,246,677,100.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.2 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: Note to Row 9: Represents 3,246,677,100 Class A Ordinary Shares of the Issuer held by RUITING HOLDINGS LIMITED ("RUITING"). Note to Row 11: Percentage ownership is calculated based on a total of 61,850,771,119 Class A ordinary shares outstanding, comprising of (i) 61,809,961,258 Class A ordinary shares, excluding 1,698,913,492 Class A ordinary shares issued to the Issuer's depositary bank for bulk issuance of ADSs reserved for future issuances upon the exercise or vesting of awards granted under the Issuers share incentive plan, and (ii) 40,809,861 Class B ordinary shares, as disclosed in the Amendment No.5 to Form F-3 registration statement filed by the Issuer on July 28, 2025.

SCHEDULE 13G

CUSIP No. 91818X108

1

Names of Reporting Persons

LEAD TREND INTERNATIONAL LIMITED

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

BAHAMAS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,246,677,100.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 3,246,677,100.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,246,677,100.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.2 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: Note to Row 9: LEAD TREND INTERNATIONAL LIMITED ("LEAD TREND") holds 100% equity interest in RUITING. Accordingly, LEAD TREND is deemed to be the beneficial owner of 3,246,677,100 Class A Ordinary Shares of the Issuer directly held by RUITING. Note to Row 11: Percentage ownership is calculated based on a total of 61,850,771,119 Class A ordinary shares outstanding, comprising of (i) 61,809,961,258 Class A ordinary shares, excluding 1,698,913,492 Class A ordinary shares issued to the Issuer's depositary bank for bulk issuance of ADSs reserved for future issuances upon the exercise or vesting of awards granted under the Issuers share incentive plan, and (ii) 40,809,861 Class B ordinary shares, as disclosed in the Amendment No.5 to Form F-3 registration statement filed by the Issuer on July 28, 2025.

SCHEDULE 13G

CUSIP No. 91818X108

1

Names of Reporting Persons

Weiping Liang

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CHINA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,246,677,100.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 3,246,677,100.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,246,677,100.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.2 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: Note to Row 9: Weiping Liang is the settlor of Weiping Liang Trust, with Trident Trust Company (HK) Limited as the trustee for the benefit of Weiping Liang and his family. Trident Trust Company (HK) Limited directly holds 100% equity interest in LEAD TREND. Accordingly, Weiping Liang is deemed to be the beneficial owner of 3,246,677,100 Class A Ordinary Shares of the Issuer directly held by RUITING. Note to Row 11: Percentage ownership is calculated based on a total of 61,850,771,119 Class A ordinary shares outstanding, comprising of (i) 61,809,961,258 Class A ordinary shares, excluding 1,698,913,492 Class A ordinary shares issued to the Issuer's depositary bank for bulk issuance of ADSs reserved for future issuances upon the exercise or vesting of awards granted under the Issuers share incentive plan, and (ii) 40,809,861 Class B ordinary shares, as disclosed in the Amendment No.5 to Form F-3 registration statement filed by the Issuer on July 28, 2025.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Uxin Ltd
(b)	Address of issuer's principal executive offices: 21/F, Donghuang Building,, No. 16 Guangshun South Avenue, Chaoyang,, BEIJING, CHINA, 100102.
Item 2.
(a)	Name of person filing: RUITING HOLDINGS LIMITED LEAD TREND INTERNATIONAL LIMITED Weiping Liang
(b)	Address or principal business office or, if none, residence: RUITING HOLDINGS LIMITED c/o Commonwealth Trust Limited of P.O. Box 3321, Drake Chambers, Road Town, Tortola, British Virgin Islands LEAD TREND INTERNATIONAL LIMITED The Bahamas Financial Centre, Shirley and Charlotte Streets, P.O. Box N-3023, Nassau, Bahamas Weiping Liang 1/F No. 129, Lane 555, Yehui Road, Qingpu District, Shanghai People's Republic of China
(c)	Citizenship: RUITING HOLDINGS LIMITED - British Virgin Islands LEAD TREND INTERNATIONAL LIMITED - Bahamas Weiping Liang - People's Republic of China
(d)	Title of class of securities: Class A ordinary shares, par value US$0.0001 per share
(e)	CUSIP No.: 91818X108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See Item 9 of each cover page.
(b)	Percent of class: See Item 11 of each cover page.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See Item 5 of each cover page.
	(ii) Shared power to vote or to direct the vote: See Item 6 of each cover page.
	(iii) Sole power to dispose or to direct the disposition of: See Item 7 of each cover page.
	(iv) Shared power to dispose or to direct the disposition of: See Item 8 of each cover page.
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

RUITING HOLDINGS LIMITED

Signature:	/s/ Weiping Liang
Name/Title:	Weiping Liang/Director
Date:	08/20/2025

LEAD TREND INTERNATIONAL LIMITED

Signature:	/s/ Christiaan Leonard DE BRUYN and Wing Yat Day WU
Name/Title:	Christiaan Leonard DE BRUYN and Wing Yat Day WU on behalf of T Proteus Limited/Director
Date:	08/20/2025

Weiping Liang

Signature:	/s/ Weiping Liang
Name/Title:	Weiping Liang
Date:	08/20/2025

Exhibit Information

99.1 Joint Filing Agreement

FAQ

What percentage of UXIN Class A shares do the filers report owning?

The filers report beneficial ownership of 3,246,677,100 Class A shares, equal to 5.2% of the class based on the disclosed outstanding share count.

Who are the reporting persons in the UXIN Schedule 13G filing?

The filing lists RUITING HOLDINGS LIMITED, LEAD TREND INTERNATIONAL LIMITED, and Weiping Liang as reporting persons.

How is the ownership chain structured according to the filing?

LEAD TREND holds 100% of RUITING, which directly holds the shares; Trident Trust (HK) Limited as trustee holds 100% of LEAD TREND for the benefit of Weiping Liang and family, making Mr. Liang a deemed beneficial owner.

What share count was used to calculate the 5.2% ownership?

The percentage is calculated using a total of 61,850,771,119 Class A ordinary shares outstanding, per the filing's stated basis.

Did the filers state any intent to influence control of UXIN?

The certification in the filing states the securities were not acquired and are not held for the purpose of changing or influencing control of the issuer.