BEIJING, March 11, 2026 — Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) announced its plan to implement a 1-for-15 share consolidation of its ordinary shares, which currently have a par value of $1.35 each. Following the consolidation, the par value per share will be $20.25. This “Share Consolidation” is scheduled to become effective on March 13, 2026. The Company anticipates that its class A ordinary shares will commence trading on a post-consolidation basis at the market opening on March 13, 2026. From that date, Kaixin’s class A ordinary shares will continue to trade on The Nasdaq Capital Market under the existing symbol “KXIN,” but with a new CUSIP number, G5223X175.
As a direct consequence of the Share Consolidation, every fifteen (15) of the Company’s ordinary shares will be automatically converted into one (1) ordinary share. Outstanding warrants and other equity rights will undergo proportional adjustments to reflect the Share Consolidation. No fractional shares will be issued as part of this consolidation. Should a shareholder otherwise be entitled to a fractional share, the number of shares they receive will be rounded up to one full ordinary share instead of the fractional amount.
Transhare Corporation, which serves as both the Company’s transfer agent and the exchange agent for the Share Consolidation, will issue instructions to shareholders of record who possess physical stock certificates regarding the process for exchanging their old certificates for new ones, should they choose to do so. Shareholders holding their shares through brokerage accounts or in “street name” are not required to take any action to facilitate the exchange of their shares.
About Kaixin Holdings
Kaixin Holdings is a Cayman Islands-based holding corporation with operational businesses in China’s automotive industry.
Safe Harbor Statement
This announcement may contain forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements can be identified by terms such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” or similar expressions. Statements that are not historical facts, including those concerning Kaixin’s beliefs and expectations, are considered forward-looking statements. Forward-looking statements inherently involve risks and uncertainties. Various factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to: our goals and strategies; our future business development, financial condition, and operational results; our expectations regarding demand for and market acceptance of our services; our expectations concerning the retention and strengthening of our relationships with auto dealerships; our plans to enhance user experience, infrastructure, and service offerings; competition within our industry in China; and relevant government policies and regulations pertaining to our industry. Further information regarding these and other risks is detailed in our other documents filed with the SEC. All information provided in this announcement and its attachments is current as of the date of this announcement, and Kaixin assumes no obligation to update any forward-looking statement, except as mandated by applicable law.
For more information, please contact:
Kaixin Holdings
Investor Relations
Email: ir@kaixin.com
