Kaixin Auto Holdings announced that Mr. Joseph Chen has resigned from Kaixin’s board of directors (the “Board”), with effect from May 9, 2021, in order to focus on other business obligations. Mr. Mingjun Lin, Mr. Xiaolei Gu and Mr. Deqiang Chen were appointed by the Board as the directors of the Company, with effect from May 9, 2021. Mr. Mingjun Lin was appointed as the chairman of the Board. Mr. Joseph Chen has served as a director and the chairman of the Board since Kaixin’s establishment.