Uxin Limited (UXIN) CEO Kun Dai on Q2 2019 - Earnings Call Transcript

Uxin Limited (NASDAQ:UXIN) Q2 2019 Results Earnings Conference Call September 23, 2019 8:00 AM ET

Company Participants

Nancy Song - IR Director
Kun Dai - Founder and CEO
Zhen Zeng - CFO

Conference Call Participants

Eddy Wang - Morgan Stanley
Ronald Keung - Goldman Sachs

Operator

Ladies and gentlemen, thank you for standing by. Welcome to Uxin's Second Quarter 2019 Earnings Conference Call. [Operator Instructions]

I would now like to turn the call over to Nancy Song, Investor Relations Director of Uxin. Thank you, please go ahead.

Nancy Song

Thank you, Operator. Hello, everyone. Welcome to Uxin's second quarter 2019 conference call. Today, DK, our Founder and CEO; and Zhen Zeng, our CFO, will discuss our financial results for the second quarter. Following the prepared remarks, DK and Zhen will be available to answer your questions.

Before we start, I like to remind you that our statements today will contain forward-looking statements that we make under the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. These statements are based on management's current knowledge and assumptions about future events that involve risks and uncertainties, which could cause actual results to differ materially from our expectations. Uxin does not undertake any obligations to update any forward-looking statement, except as required under applicable law. For more information about the potential risks and uncertainties, please refer to the company's filings with the SEC.

With that, I will now turn the call over to our CEO. DK, please.

Kun Dai

Thank you, Nancy. Hello, everyone. Thank you for joining our second quarter 2019 earnings conference call.

As you may already know, we announced proposed transaction with Golden Pacer to divest our loan facilitation related business this July. As a result, going forward, we will completely divest our 2C intra-regional business, no longer provide a guarantee