BEIJING, Sept. 16, 2025 — Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today confirmed that all proposals submitted to shareholders at its annual general meeting, held on September 13, 2025 (referred to as the “Annual General Meeting”), received approval.
The complete text of each proposal was included in the notice for the Annual General Meeting, which was submitted to the Securities and Exchange Commission (the “SEC”) on Form 6-K on August 28, 2025. The full text of these proposals is also available on the Company’s investor relations website, ir.kaixin.com. Capitalized terms used in this announcement, unless otherwise defined, carry the meanings assigned to them in the Company’s notice of the Annual General Meeting dated August 28, 2025.
The Company’s Board of Directors has been granted authorization to determine a specific ratio within the established Range for implementing the Share Consolidation and to amend the Company’s Articles accordingly, all within 360 days following the shareholders’ approval of the resolutions.
About Kaixin Holdings
Kaixin Holdings is actively transforming into an AI-driven technology enterprise based in China. XINGCAN leverages AI technologies to develop and manage online live streaming education platforms and content, catering to both domestic and international audiences. With the proposed acquisition, Kaixin is entering the AI education sector and aims to broaden its AI capabilities into new areas to foster additional growth opportunities.
Safe Harbor Statement
This announcement may include statements that are forward-looking in nature. These statements are made in compliance with the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements are often identified by terms like “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” or similar expressions. Any statements that are not based on historical facts, including those concerning Kaixin’s beliefs and future expectations, are considered forward-looking statements. These statements inherently involve risks and uncertainties. Several factors could lead to actual results differing significantly from those projected in any forward-looking statement, including, but not limited to: our objectives and strategic plans; our future business expansion, financial health, and operational performance; our projections regarding demand for and market acceptance of our services; our expectations for maintaining and strengthening relationships with auto dealerships; our strategies for enhancing user experience, infrastructure, and service offerings; competitive pressures within our industry in China; and relevant governmental policies and regulations affecting our sector. Further details concerning these and other potential risks can be found in our other filings with the SEC. All information provided in this announcement and its attachments is current as of the date of this announcement, and Kaixin disclaims any obligation to update any forward-looking statement, except as mandated by applicable law.
For additional information, please contact:
Kaixin Holdings
Investor Relations
Email: ir@kaixin.com
