 BEIJING, April 6, 2021 PRNewswire -- Renren Inc. NYSE: RENN Renren or the Company announced today that Renren has made a 6,000,000 equity investment in Kaixin by subscribing Kaixin Auto Holdings Kaixin newly designated convertible preferred shares. The preferred shares are convertible into Kaixins ordinary shares at a conversion price of 3.00, subject to customary adjustments pursuant to the purchase agreement entered into between Renren and Kaixin, which agreement will be included as an exhibit to a Form 6-K to be furnished by Kaixin to the U.S. Securities and Exchange Commission. 