 Kaixin Auto Holdings Kaixin or the Company KXIN, one of the primary dealership networks in the premium used car segment in China, today announced the receipt of a notification letter the Nasdaq Letter dated on April 21, 2020 from the Listing Qualifications department of the Nasdaq Stock Market Nasdaq, notifying Kaixin that, as of April 20, 2020, it failed to meet the requirement of maintaining a minimum bid price of 1 per share pursuant to Nasdaq Rule 5550a2. In accordance with Nasdaq Rule 5810c3A, the company has a period of 180 calendar days from the date of the Nasdaq Letter to regain compliance. Given the current extraordinary market conditions, Nasdaq has determined to toll the compliance periods for the bid price and market value of publicly held shares requirements through June 30, 2020. 