 BEIJING, March 02, 2021 GLOBE NEWSWIRE -- Kaixin Auto Holdings Kaixin or the Company NASDAQ: KXIN today announced that Haitaoche Limited Haitaoche has entered, through its subsidiaries, into two vehicles sales framework contracts the Vehicles Sales Contracts with third party customers on November 30, 2020 and December 8, 2020, respectively. Kaixin entered into a definitive share purchase agreement with the shareholders of Haitaoche on December 31, 2020, pursuant to which Kaixin will acquire 100 of the share capital of Haitaoche from the shareholders of Haitaoche.1 