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Kaixin Auto Holdings primarily engages in the sale of domestic and imported automobiles in the People's Republic of China. It focuses on automobiles brands, such as Audi, BMW, Mercedes-Benz, Land Rover, Bentley, Rolls-Royce, and Porsche. As of December 31, 2021, the company had 14 used car dealerships covering 14 cities in 12 provinces in China. It also provides financing channels to customers and other in-network dealers through partnerships with financial institutions. Kaixin Auto Holdings is headquartered in Beijing, the People's Republic of China.

Kaixin Auto Holdings

HANGZHOU, CHINA, NOV. 14, 2024 (GLOBE NEWSWIRE) -- KAIXIN HOLDINGS (KAIXIN OR THE COMPANY) (NASDAQ: KXIN) TODAY ANNOUNCED A MAJOR STRATEGIC STEP FORWARD AS IT EXPLORES NEW GROWTH AVENUES. IN THE ADVANCED STAGES OF EVALUATING STRATEGIC ALTERNATIVES, KAIXIN IS ACTIVELY CONSIDERING THE ACQUISITION OF A CONTROLLING EQUITY INTEREST IN A LEADING CRYPTOCURRENCY MINING COMPANY BASED IN THE MIDDLE EAST. THIS MINING COMPANY OPERATES WITH COST-EFFICIENT BTC MINING MACHINES, OPTIMIZING SELF-MINING PROCESSES WHILE ALSO OFFERING SOPHISTICATED, END-TO-END CLOUD HOSTING SERVICES TAILORED TO MEET THE GROWING DEMAND WITHIN THE CRYPTO MINING INDUSTRY. THE FACILITY'S LONG-TERM, STABLE ENERGY SUPPLY IS A CRITICAL ASSET THAT BOLSTERS OPERATIONAL RESILIENCE AND COST EFFICIENCY, UNDERSCORING KAIXIN'S COMMITMENT TO SUSTAINABLE AND PROFITABLE GROWTH.

KAIXIN HOLDINGS EXPLORES STRATEGIC ALTERNATIVES WITH POTENTIAL ACQUISITION IN CRYPTO MINING SECTOR

HANGZHOU, CHINA, NOV. 13, 2024 (GLOBE NEWSWIRE) -- KAIXIN HOLDINGS (KAIXIN OR THE COMPANY) (NASDAQ: KXIN) TODAY ANNOUNCED THE RECEIPT OF A NOTIFICATION LETTER DATED NOVEMBER 12, 2024 FROM THE HEARING PANEL OF THE NASDAQ STOCK MARKET (THE HEARING PANEL), NOTIFYING KAIXIN THAT THE COMPANY HAS REGAINED COMPLIANCE WITH THE MINIMUM BID PRICE REQUIREMENT IN LISTING RULE 5550(A)(2) (THE BID PRICE RULE), AS REQUIRED BY THE HEARING PANEL'S DECISION DATED SEPTEMBER 12, 2024.

KAIXIN HOLDINGS ANNOUNCES RECEIPT OF NASDAQ LETTER REGARDING REGAINING COMPLIANCE WITH MINIMUM BID PRICE REQUIREMENT

HANGZHOU, CHINA, OCT. 23, 2024 (GLOBE NEWSWIRE) -- KAIXIN HOLDINGS (KAIXIN OR THE COMPANY) (NASDAQ: KXIN) TODAY ANNOUNCED THAT IT WILL EFFECT A SHARE CONSOLIDATION OF ITS ORDINARY SHARES AT A RATIO OF 1-FOR-60, EFFECTIVE ON OCTOBER 25, 2024 (THE SHARE CONSOLIDATION). THE COMPANY'S ORDINARY SHARES ARE EXPECTED TO BEGIN TRADING ON A POST-CONSOLIDATION BASIS AT THE OPEN OF THE MARKET SESSION ON OCTOBER 25, 2024. UPON THE MARKET OPENING ON OCTOBER 25, 2024, THE COMPANY'S ORDINARY SHARES WILL CONTINUE TO BE TRADED ON THE NASDAQ CAPITAL MARKET UNDER THE SYMBOL KXIN WITH THE NEW CUSIP NUMBER G5223X159.

KAIXIN HOLDINGS ANNOUNCES SHARE CONSOLIDATION

HANGZHOU, CHINA, OCT. 03, 2024 (GLOBE NEWSWIRE) -- KAIXIN HOLDINGS (KAIXIN OR THE COMPANY) (NASDAQ: KXIN) TODAY ANNOUNCED THAT ALL RESOLUTIONS PRESENTED TO THE SHAREHOLDERS AT ITS EXTRAORDINARY GENERAL MEETING HELD ON OCTOBER 1, 2024 (THE EXTRAORDINARY GENERAL MEETING) WERE DULY PASSED.

KAIXIN HOLDINGS ANNOUNCES EXTRAORDINARY GENERAL MEETING RESULTS

HANGZHOU, CHINA, AUG. 22, 2024 (GLOBE NEWSWIRE) -- KAIXIN HOLDINGS (KAIXIN OR THE COMPANY) (NASDAQ: KXIN), A LEADING NEW ENERGY VEHICLE MANUFACTURER AND SALES PLATFORM IN CHINA, TODAY ANNOUNCED THAT IT RECEIVED A LETTER FROM THE NASDAQ STOCK MARKET LLC (NASDAQ) DATED AUGUST 19, 2024, INDICATING THAT THE COMPANY WAS NOT IN COMPLIANCE WITH NASDAQ LISTING RULE 5810(C)(3)(A)(III), AS THE COMPANY'S SECURITIES HAD A CLOSING BID PRICE OF $0.10 OR LESS FOR TEN CONSECUTIVE TRADING DAYS (THE LETTER). THE LETTER INDICATED THAT, AS A RESULT, THE NASDAQ STAFF HAS DETERMINED TO DELIST THE COMPANY'S SECURITIES FROM THE NASDAQ CAPITAL MARKET (THE DELISTING DETERMINATION).

KAIXIN HOLDINGS ANNOUNCES RECEIPT OF NASDAQ DELISTING DETERMINATION AND SUBMISSION OF APPEAL

HANGZHOU, CHINA, AUG. 13, 2024 (GLOBE NEWSWIRE) -- KAIXIN HOLDINGS (KAIXIN OR THE COMPANY) (NASDAQ: KXIN), A LEADING NEW ENERGY VEHICLE MANUFACTURER AND SALES PLATFORM IN CHINA, TODAY ANNOUNCED THAT IT WILL HOLD ITS EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS (THE EGM) AT 198 QIDI ROAD, UNIT B2-303-137, BEIGAN COMMUNITY, XIAOSHAN DISTRICT, HANGZHOU, ZHEJIANG PROVINCE, CHINA ON OCTOBER 1, 2024 AT 10:00 A.M. (BEIJING TIME), FOR THE PURPOSES OF CONSIDERING AND, IF THOUGHT FIT, PASSING AND APPROVING THE RESOLUTIONS SET FORTH IN THE NOTICE OF EXTRAORDINARY GENERAL MEETING AND PROXY OF THE COMPANY.

KAIXIN HOLDINGS ANNOUNCES 2024 EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS

HANGZHOU, CHINA, MARCH 12, 2024 (GLOBE NEWSWIRE) -- KAIXIN AUTO HOLDINGS (KAIXIN OR THE COMPANY) (NASDAQ: KXIN) TODAY ANNOUNCED THAT ALL RESOLUTIONS PRESENTED TO THE SHAREHOLDERS AT ITS ANNUAL GENERAL MEETING HELD ON MARCH 4, 2024 (THE ANNUAL GENERAL MEETING) WERE DULY PASSED.

KAIXIN AUTO HOLDINGS ANNOUNCES ANNUAL GENERAL MEETING RESULTS

BEIJING, MARCH 04, 2024 (GLOBE NEWSWIRE) -- KAIXIN AUTO HOLDINGS (KAIXIN OR THE COMPANY) (NASDAQ: KXIN), A LEADING NEW ENERGY VEHICLE MANUFACTURER AND SALES PLATFORM IN CHINA, TODAY ANNOUNCED THAT IT SIGNED AN EXPORT ORDER WITH MYANMAR NEW POWER MOTOR CO., LTD. ("MYANMAR NEW POWER MOTOR") FOR 1,000 NEW ENERGY VEHICLES IN THE SKD MODE. MR. MINGJUN LIN, CHAIRMAN AND CEO, MS. YI YANG, CFO, AND MR. WU LIANG, VICE PRESIDENT OF KAIXIN, AND MR. HAO WANG, CHAIRMAN, MR. AUNG THIKE, GENERAL MANAGER, AND MS JINGJING LIU, PURCHASING DEPARTMENT MANAGER OF MYANMAR NEW POWER MOTOR, ATTENDED THE SIGNING CEREMONY. THE SIGNING OF THE EXPORT CONTRACT MARKED THE COUNTDOWN TO THE DELIVERY OF THE FIRST BATCH OF 100 NEW ENERGY VEHICLES.

KAIXIN AUTO HOLDINGS ANNOUNCES MYANMAR ORDER OF 1,000 EVS

HANGZHOU, CHINA, FEB. 05, 2024 (GLOBE NEWSWIRE) -- KAIXIN AUTO HOLDINGS (KAIXIN OR THE COMPANY) (NASDAQ: KXIN), A LEADING NEW ENERGY VEHICLE MANUFACTURER AND SALES PLATFORM IN CHINA, TODAY ANNOUNCED THE RECEIPT OF A NOTIFICATION LETTER (THE NASDAQ LETTER) DATED FEBRUARY 1, 2024, FROM THE LISTING QUALIFICATIONS DEPARTMENT OF THE NASDAQ STOCK MARKET (NASDAQ), NOTIFYING KAIXIN THAT, FOR THE 30 CONSECUTIVE BUSINESS DAYS ENDED JANUARY 31, 2024, THE COMPANY FAILED TO MEET THE REQUIREMENT OF MAINTAINING A MINIMUM BID PRICE OF $1 PER SHARE PURSUANT TO NASDAQ RULE 5550(A)(2)(THE RULE). THE NASDAQ LETTER DOES NOT IMPACT THE COMPANY'S LISTING ON THE NASDAQ CAPITAL MARKET AT THIS TIME. IN ACCORDANCE WITH NASDAQ RULE 5810(C)(3)(A), THE COMPANY HAS A PERIOD OF 180 CALENDAR DAYS, OR UNTIL JULY 30, 2024, TO REGAIN COMPLIANCE WITH THE RULE. IF, AT ANY TIME BEFORE JULY 30, 2024, THE CLOSING BID PRICE OF THE COMPANY'S COMMON STOCK IS AT LEAST $1.00 PER SHARE FOR A MINIMUM OF 10 CONSECUTIVE BUSINESS DAYS, NASDAQ WILL INFORM THE COMPANY THAT THE COMPANY HAS REGAINED COMPLIANCE WITH THE RULE.

KAIXIN AUTO HOLDINGS ANNOUNCES RECEIPT OF NASDAQ LETTER REGARDING MINIMUM BID PRICE

HANGZHOU, CHINA, FEB. 02, 2024 (GLOBE NEWSWIRE) -- KAIXIN AUTO HOLDINGS (KAIXIN OR THE COMPANY) (NASDAQ: KXIN), A LEADING NEW ENERGY VEHICLE MANUFACTURER AND SALES PLATFORM IN CHINA, TODAY ANNOUNCED THAT IT WILL HOLD ITS ANNUAL GENERAL MEETING OF SHAREHOLDERS (THE AGM) AT 198 QIDI ROAD, UNIT B2-303-137, BEIGAN COMMUNITY, XIAOSHAN DISTRICT, HANGZHOU, ZHEJIANG PROVINCE, CHINA ON MARCH 4, 2024 AT 10:00 A.M. (BEIJING TIME), FOR THE PURPOSES OF CONSIDERING AND, IF THOUGHT FIT, PASSING AND APPROVING THE RESOLUTIONS SET FORTH IN THE NOTICE OF ANNUAL GENERAL MEETING AND PROXY OF THE COMPANY.

Kaixin Auto Holdings

KXIN

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Kaixin Auto Holdings

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KXIN