Core Viewpoint - Kaixin Auto Holdings has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement, but it retains its listing status and has a 180-day period to regain compliance [1][2]. Group 1: Nasdaq Compliance Notification - Kaixin Auto Holdings was notified by Nasdaq that it failed to maintain a minimum bid price of $1 per share for 30 consecutive business days ending January 31, 2024 [1]. - The company has until July 30, 2024, to regain compliance with the minimum bid price requirement [1][2]. - If the closing bid price reaches at least $1.00 per share for 10 consecutive business days before the deadline, Nasdaq will confirm compliance [1]. Group 2: Additional Compliance Period - If Kaixin does not regain compliance by July 30, 2024, but meets other initial inclusion criteria, it may receive an additional 180-day compliance period [2]. - Failure to comply by the deadline without eligibility for an extension will result in a written notification of delisting from Nasdaq [2]. Group 3: Company Overview - Kaixin Auto Holdings is a prominent new energy vehicle manufacturer in China, focusing on R&D, production, and marketing [3]. - The company produces various electric passenger and logistics vehicle models and aims to establish a competitive international market position [3]. - Kaixin is committed to sustainability goals, including achieving peak carbon emissions and carbon neutrality [3].

Group 1 - Kaixin Auto Holdings will hold its annual general meeting of shareholders on March 4, 2024, at 10:00 a.m. Beijing time [1] - The record date for ordinary shares is set as February 2, 2024, allowing holders of record to attend and vote at the AGM [1] - The company has filed its annual report on Form 20-F for the fiscal year ended December 31, 2022, with the U.S. SEC [2] Group 2 - Kaixin Auto Holdings is a leading new energy vehicle manufacturer in China, focusing on R&D, production, and marketing [3] - The company produces various electric passenger and logistics vehicle models and aims to enhance its international market position [3] - Kaixin is committed to innovation and sustainability, contributing to the goals of peak carbon emissions and carbon neutrality [3]

Company Overview - Kaixin Auto Holdings is a leading new energy vehicle manufacturer and sales platform in China, focusing on electric passenger and logistics vehicles [3] - The company aims to achieve a competitive international market position by integrating online and offline operations and diversifying its business [3] - Kaixin is committed to sustainability goals, specifically "peak carbon emissions and carbon neutrality" [3] Leadership Appointment - Mr. Xiaoning Wu has been appointed as a director and chairman of the audit committee of Kaixin's Board, effective January 30, 2024 [1] - Mr. Wu is recognized as a "financial expert" under Nasdaq Stock Market Rule 5605(a)(2) and Rule 10A-3 under the Securities Exchange Act of 1934 [1] - He has extensive experience in corporate financial management and capital investments, having served in various leadership roles since 1986 [2]

Strategic Cooperation - Kaixin Auto Holdings has reached a strategic cooperation intention with DeepBlue AI Technology to establish a joint venture for developing AI autopilot EVs [1] - The joint venture aims to leverage DeepBlue AI Technology's autonomous driving technology on Kaixin's mass-produced EV models [1] - The collaboration will focus on market-oriented operations for the new generation of AI autopilot EVs [1] DeepBlue AI Technology Overview - DeepBlue AI Technology was founded in 2014 by senior engineers with doctoral degrees and is committed to AI research and application [2] - The company has multiple research institutes, including AI, Smart Car, Automation, and Scientific Computing, with over 50 world championships and 120 top-three awards in AI-related competitions [2] - DeepBlue AI Technology operates in industries such as intelligent driving, smart vehicles, and smart cities, and has been recognized as a national-level specialized and emerging baby giant enterprise [2] - The company has been selected into the "Global 500 Artificial Intelligence Unicorns" for two consecutive years and the "Hurun Global 500 Unicorns" in 2023 [2] DeepBlue AI Technology's Autonomous Driving Capabilities - DeepBlue AI Technology possesses L4 autonomous driving technology and smart car forward design capabilities [3] - The company holds autonomous driving test licenses issued by multiple cities and obtained the first batch of autonomous driving commercial licenses in China with Baidu [3] - DeepBlue's self-driving Panda buses have been tested and demonstrated in over ten cities, including Shanghai, Shenzhen, and Wuhan [3] - The company has launched self-driving sanitation vehicles, logistics vehicles, and other products, establishing itself as a leader in AI-driven automotive innovation [3] Kaixin Auto Holdings' Vision - Kaixin's Chairman and CEO, Mingjun Lin, emphasized that AI vehicles are the future trend and that the collaboration with DeepBlue AI Technology will significantly boost Kaixin's AI vehicle development efforts [4] - The partnership aims to create intelligent, safe, and efficient car travel products and services [4] Kaixin Auto Holdings Overview - Kaixin Auto Holdings is a leading new energy vehicle manufacturer in China with expertise in R&D, production, and marketing [5] - The company has production facilities capable of stamping, welding, painting, and assembly operations, producing multiple electric passenger and logistics vehicle models [5] - Kaixin is committed to building a competitive international market position by integrating online and offline presence and diversifying business operations [5] - The company aims to contribute to achieving "peak carbon emissions and carbon neutrality" goals through innovation and sustainability [5]

Group 1 - Kaixin Auto Holdings has received an intention order to export 1,000 new energy vehicles in SKD mode to New Power Auto in Myanmar, with the first batch of 100 vehicles to be shipped shortly [1] - Kaixin has secured a five-year authorization from New Power Auto as its strategic partner for exporting complete and SKD vehicles from China [1] - New Power Auto, founded in 1982, operates in various sectors including automotive trade, manufacturing, and logistics, and has established a strong market presence in Myanmar [1] Group 2 - The chairman and CEO of Kaixin, Mr. Mingjun Lin, emphasized that new energy vehicles are a key driver for China's automobile export growth and that this partnership represents a significant business breakthrough for the company [2] - Kaixin's strategic focus for 2024 includes overseas expansion into new markets [2] Group 3 - Kaixin Auto Holdings is recognized as a leading new energy vehicle manufacturer in China, with a strong emphasis on R&D, production, and marketing [3] - The company produces various electric passenger and logistics vehicle models and aims to enhance its competitive international market position [3] - Kaixin is committed to innovation and sustainability, contributing to the goals of peak carbon emissions and carbon neutrality [3]

Business Operations - As of December 31, 2022, the company operated three used car dealerships across three cities in China, focusing on premium brands such as Audi, BMW, and Mercedes-Benz[432]. - The company sold approximately 879 new and used vehicles in 2022, a decrease from 1,814 vehicles sold in 2021[433]. - The competitive landscape in the used car industry in China is highly fragmented, with trends towards consolidation and increased online technologies affecting market dynamics[439]. - Total revenues decreased from US$253.8 million in 2021 to US$82.8 million in 2022, primarily due to the closure of several dealerships[464]. - The company aims to expand into the electric vehicle market and has released a strategic plan for new energy vehicles targeting commercial applications[442]. Financial Performance - Revenues from car sales were $82.8 million in 2022, down from $253.8 million in 2021, indicating a decline of approximately 67.5%[445]. - The cost of revenues for car sales in 2022 was $82.2 million, which is consistent with the total revenues, resulting in a gross margin of 0%[449]. - Operating expenses for 2022 totaled $48.6 million, with selling and marketing expenses accounting for approximately 4.3% of total operating expenses[456]. - The company recorded a full impairment loss of $143.7 million in goodwill for the year ended December 31, 2021, impacting financial results significantly[454]. - Gross profit declined from US$5,257 thousand in 2021 to US$646 thousand in 2022[466]. - Total operating expenses decreased from US$187.9 million in 2021 to US$48.6 million in 2022, mainly due to a one-time loss from goodwill impairment of US$143.7 million[467]. - Net loss was US$195.9 million in 2021 and US$84.6 million in 2022[469]. - Cash flows from operating activities were negative, amounting to US$2.4 million in 2022, with significant losses from impairment and provisions[486]. Financing and Capital Structure - The company has historically funded operations through various means, including ABS issuance and term loans, and anticipates future growth will involve additional financing[444]. - The company intends to seek additional equity or debt financing to support business growth[484]. - Cash and cash equivalents at the end of 2022 were approximately US$7.1 million[485]. - Net cash used in financing activities was US$5.4 million in 2022, primarily from proceeds of US$4.7 million from ordinary shares and US$2.0 million from a convertible note, offset by US$2.0 million in offering costs[490]. - The company has long-term borrowings totaling US$2.0 million, maturing in August 2023, and two convertible notes of US$2.0 million maturing in May 2023 and October 2023[494]. Employee and Management Structure - The company had 27 employees as of December 31, 2022, with 78% in management and administration, 4% in sales and marketing, and 18% in research and development[554]. - The company plans to hire additional experienced employees in areas such as new energy vehicles design and manufacturing, big data analytics, marketing, operations, risk management, and sales as it expands its business[555]. - The total compensation paid to directors and executive officers for the fiscal year ended December 31, 2022, was approximately US$396 thousand[525]. - The company has entered into employment agreements with each executive officer, allowing termination for cause without advance notice[526]. Corporate Governance - The company has established three committees under the Board: an audit committee, a compensation committee, and a nominating and governance committee[546]. - The audit committee is chaired by Lin Cong, who is recognized as an "audit committee financial expert" and oversees the company's accounting and financial reporting processes[547]. - The compensation committee, also chaired by Lin Cong, is responsible for reviewing and approving the compensation structure for directors and executive officers[548]. - The board of directors currently consists of five members, with specific rights for Mr. Mingjun Lin and Renren to appoint and remove directors[545]. Shareholder Rights and Equity Plans - The company is listed on the Nasdaq Capital Market under the symbol "KXIN"[595]. - Shareholders are entitled to dividends as declared by the Board, with no dividend exceeding the amount recommended by directors[598]. - Each ordinary share grants one vote at general meetings, with a simple majority required for ordinary resolutions and two-thirds for special resolutions[600]. - The company may issue additional ordinary shares as determined by the Board, which may dilute the voting power of existing shareholders[609]. - The 2020 equity incentive plan allows for the grant of up to 5,000,000 ordinary shares as awards[528]. - The 2021 equity incentive plan permits the grant of up to 26,596,000 ordinary shares as awards[532]. - The 2022 equity incentive plan provides for the grant of up to 39,500,000 ordinary shares as awards[538]. Legal and Compliance Matters - The company identified four material weaknesses in internal control over financial reporting, including inadequate technical competency and lack of effective risk assessment[498]. - The company has not entered into any financial guarantees or derivative contracts that are indexed to its shares[491]. - The company did not recognize any income tax due to uncertain tax positions or incur any interest and penalties related to potential underpaid income tax expenses for the years ended December 31, 2020, 2021, and 2022[518]. - The company has agreed to indemnify Renren against liabilities arising from misstatements in SEC filings related to the Business Combination[569]. Future Plans and Strategic Initiatives - The company plans to reinvest all earnings from its PRC subsidiaries into business developments and does not plan to request dividend distributions[497]. - The company signed a sales order for 5,000 new energy logistics vehicles worth RMB1 billion (approximately $156 million) with Bujia, a leading automobile logistics service provider in China[443].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2023 Commission File Number: 001-38261 Kaixin Auto Holdings (Registrant's name) 4/F, Tower D, Building 15 No. 5 Jiangtai Road Chaoyang District, Beijing People's Republic of China 100016 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual re ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ¨ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ¨ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...