Business
Kaixin Auto Holdings Announces Changes to Board Member
BEIJING, July 05, 2022 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that Mr. James Jian Liu resigned
About this update from Kaixin Holdings
[{"type":"text","content":"BEIJING, July 05, 2022 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that Mr. James Jian Liu resigned from Kaixin’s board of directors (the “Board”), with effect from June 30, 2022, for personal reasons. Mrs. Lucy Yi Yang, chief financial officer of the Company, has been appointed by the Board as director of the Company, with effect from August 1, 2022. Mr. James Liu had served as a director of the Board since Kaixin’s establishment. “On behalf of my fellow directors, the Company's management team, and shareholders, I would like to thank James for the significant contributions that he made during his service on Kaixin's Board. We wish him the best in his future endeavours,\" said Mr. Mingjun Lin, Kaixin’s chairman and CEO. About Kaixin Auto Holdings Kaixin Auto Holdings is one of the primary dealership networks in the premium used car segment and new car sales in China. Supported by the rapid growth of China's used car market and leveraging its own hybrid business model that offers both strong online and offline presence, Kaixin is in the process of transforming from a nationwide dealerships network to one of the important players in China’s electric vehicle market. 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\" and similar statements. Among other things, the business outlook for 2021 and quotations from management in this announcement, as well as Kaixin’s strategic and operational plans, contain forward-looking statements. Kaixin may also make written or oral forward-looking statements in its filings with the U.S. Securities and Exchange Commission (\"SEC\"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. 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 factor...