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Kaixin Auto Holdings Announces Change to its Board Members

BEIJING, July 28, 2020 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (a??Kaixina?? or the a??Companya??) (NASDAQ: KXIN), one of the primary dealership networks in the premium used car segment in China, today announced that Tianruo Pu has resigned from Kaixina??s board of directors, effective July 27, 2020, in order to focus on other business obligations.
Mr. Pu has served as chairman of the Audit Committee and of the Compensation Committee of the Company since Kaixin Auto Group consummated its business combination with CM Seven Star Acquisition Corporation through a share exchange, on April 30, 2019.Upon the departure of Mr. Pu, Mr. Lin Cong will be the only independent director of the Company and the sole member of the Companya??s Audit Committee and Compensation Committee."On behalf of my fellow directors, the Company's management team, and shareholders, I'd like to thank Tiaoruo for the significant contributions he made during his service on Kaixin's Board," said Mr. Joseph Chen, chairman of Kaixin. "We wish him the best in his future endeavors."About Kaixin Auto Holdings
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