Kaixin auto holdings announces entry into vehicles sales contracts by subsidiaries of haitaoche limited

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
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