 Kaixin Auto Holdings Kaixin or the Company KXIN, one of the primary dealership networks in the premium used car segment in China, today announced that it entered into a subscription agreement the Subscription Agreement on June 10, 2020 with Shareholder Value Fund the Subscriber, which was the sponsor of Kaixins predecessor, CM Seven Star Acquisition Corporation. Pursuant to the Subscription Agreement, subject to customary closing conditions, the Company has agreed to issue 4,213,629 ordinary shares of the Company, par value 0.0001 per share, to the Subscriber. 