Kaixin Auto Holdings announced that Tianruo Pu has resigned from Kaixin’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 Company’s Audit Committee and Compensation Committee.