Kaixin Auto Holdings announced that Mr. James Jian Liu (“Mr. Liu”) had resigned from Kaixin's board of directors (the "Board"), with effect from June 30, 2022 due to his own personal reasons. There is no disagreement between Mr. Liu and the Board and there is no other matter relating to his resignation that needs to brought to the attention of the shareholders of the Company and Nasdaq Inc. Ms. Yi Yang was appointed by the Board as the director of the Company, with effect from August 1, 2022.