Kaixin Holdings Announces Annual General Meeting Results
Rhea-AI Summary
Kaixin Holdings (NASDAQ: KXIN) announced that shareholders approved all resolutions presented at its Annual General Meeting held on September 13, 2025. The Board of Directors is authorized to implement a Share Consolidation within a specified ratio range and make corresponding Articles Amendments within 360 days of the resolutions' passage.
The company is undergoing a strategic transformation to become an AI-driven tech business in China, focusing on AI education through XINGCAN's online live streaming education platforms. Kaixin aims to expand its AI capabilities into new areas through a proposed acquisition to drive future growth.
Positive
- None.
Negative
- Significant business model transition risks
- Execution uncertainty in new AI-focused strategy
News Market Reaction 2 Alerts
On the day this news was published, KXIN gained 7.06%, reflecting a notable positive market reaction. Argus tracked a peak move of +6.2% during that session. Argus tracked a trough of -9.8% from its starting point during tracking. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $670K to the company's valuation, bringing the market cap to $10M at that time.
Data tracked by StockTitan Argus on the day of publication.
BEIJING, Sept. 16, 2025 (GLOBE NEWSWIRE) -- Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that all resolutions presented to the shareholders at its annual general meeting held on September 13, 2025 (the “Annual General Meeting”) were duly passed.
The full text of each resolution was included in the notice of the Annual General Meeting, which was filed with the Securities and Exchange Commission (the “SEC”) on Form 6-K on August 28, 2025. 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 notice of the Annual General Meeting dated August 28, 2025.
The Board of Directors of the Company is authorized to set a ratio within the Range to implement the Share Consolidation and make the Articles Amendments of the Company accordingly within 360 days after the shareholders’ passage of the resolutions.
About Kaixin Holdings
Kaixin Holdings is committed to transitioning into an AI-driven tech business located in China. XINGCAN utilizes AI technologies to develop and operate online live streaming education platforms and packages, serving both domestic and international audiences. Through the proposed acquisition, Kaixin enters the AI education business and aims to expand its AI capacity into new areas to create more growth opportunities.
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 Holdings
Investor Relations
Email: ir@kaixin.com
FAQ
What resolutions did Kaixin Holdings (NASDAQ: KXIN) shareholders approve at the 2025 AGM?
What is Kaixin Holdings' new business strategy?
When will Kaixin Holdings implement its Share Consolidation?
What is XINGCAN's role in Kaixin Holdings' business?
How is Kaixin Holdings entering the AI education market?
