Kaixin Holdings Announces Extraordinary General Meeting Results
03 Outubro 2024 - 5:00PM
Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today
announced that all resolutions presented to the shareholders at its
extraordinary general meeting held on October 1, 2024 (the
“Extraordinary General Meeting”) were duly passed.
The full text of each resolution was included in
the notice of the Extraordinary General Meeting, which was filed
with the Securities and Exchange Commission (the “SEC”) on Form 6-K
on August 13, 2024 and subsequently amended on Form 6-K/A on August
23, 2024 and September 3, 2024. The full text of each resolution is
also available on the Company’s website ir.kaixin.com. Capitalized
terms not otherwise defined in this announcement shall have the
meanings assigned to them in the Company’s amended notice of the
Extraordinary General Meeting dated September 3, 2024.
The Company will implement and announce the
effectiveness of the Share Consolidation afterwards. The Share
Consolidation is primarily being effectuated to regain compliance
with Nasdaq Marketplace Rule 5550(a)(2) related to the minimum
price per share of the Company’s ordinary shares. Immediately after
the Share Consolidation, each shareholder’s percentage ownership
interest in the Company will remain unchanged, except for minor
changes and adjustments that will result from the treatment of
fractional shares. The rights and privileges of the holders of
ordinary shares will be substantially unaffected by the Share
Consolidation. No fractional shares will be issued in connection
with the Share Consolidation, in the event that a shareholder would
otherwise be entitled to receive a fractional share upon the Share
Consolidation, the number of shares to be received by such
shareholder will be rounded up to one ordinary share in lieu of the
fractional share that would have resulted from the Share
Consolidation. Shareholders who are holding their shares in
electronic form at brokerage firms do not need to take any action,
as the effect of the Share Consolidation will automatically be
reflected in their brokerage accounts.
About Kaixin Holdings
Kaixin Holdings is a leading new energy vehicle
manufacturer in China, equipped with professional teams with rich
experience in R&D, production, marketing, and production
facilities with the capacity for stamping, welding, painting, and
assembly operations. Kaixin produces multiple electric passenger
and logistics vehicle models. The Company is committed to building
up a competitive international market position that integrates
online and offline presence and diversified business operations.
Leveraging the expertise of its professional teams and driven by
the inspiration for innovation and sustainability, Kaixin aims to
contribute to achieving the goals of “peak carbon emissions and
carbon neutrality”.
Safe Harbor Statement
This announcement may contain forward-looking
statements. These statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates" or other similar
expressions. Statements that are not historical facts, including
statements about Kaixin’s beliefs and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: our goals and strategies; our future business
development, financial condition and results of operations; our
expectations regarding demand for and market acceptance of our
services; our expectations regarding the retention and
strengthening of our relationships with auto dealerships; our plans
to enhance user experience, infrastructure and service offerings;
competition in our industry in China; and relevant government
policies and regulations relating to our industry. Further
information regarding these and other risks is included in our
other documents filed with the SEC. All information provided in
this announcement and in the attachments is as of the date of this
announcement, and Kaixin does not undertake any obligation to
update any forward-looking statement, except as required under
applicable law.
For more information, please
contact:
Kaixin HoldingsInvestor
RelationsEmail: ir@kaixin.com
Kaixin (NASDAQ:KXIN)
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