 BEIJING, May 07, 2021 GLOBE NEWSWIRE -- Kaixin Auto Holdings Kaixin or the Company NASDAQ: KXIN today announced the results of the extraordinary shareholders meeting held on May 7, 2021. All agenda items presented at the meeting were approved by the shareholders, namely, a as an ordinary resolution that each authorised issued and unissued Ordinary share of a par value of US0.0001 each be subdivided into 2 shares of a par value of US0.00005 each, such that immediately following the Share Subdivision, the authorised share capital of the Company will be US50,000 divided into 1,000,000,000 Ordinary shares of a par value of US0.00005 each and b as a special resolution that the currently effective Second Amended and Restated Memorandum and Articles of Association of the Company be amended and restated by the deletion in their entirety and the substitution in their place of the Third Amended and Restated Memorandum and Articles of Association. 