Kaixin Holdings Announces Share Consolidation

Group 1 - Kaixin Holdings will implement a share consolidation at a ratio of 1-for-60, effective October 25, 2024 [1][2] - Following the consolidation, every sixty shares will be converted into one ordinary share, with no fractional shares issued [2] - The company's shares will continue trading on The Nasdaq Capital Market under the symbol "KXIN" with a new CUSIP number [1][2] Group 2 - Kaixin Holdings is a leading new energy vehicle manufacturer in China, focusing on electric passenger and logistics vehicles [3] - The company aims to establish a competitive international market position through integrated online and offline operations [3] - Kaixin is committed to innovation and sustainability, contributing to the goals of peak carbon emissions and carbon neutrality [3]