Kaixin Auto Holdings Filed 2021 Annual Report on Form 20-F

Rhea-AI Summary

Kaixin Auto Holdings (NASDAQ: KXIN) has filed its annual report on Form 20-F for the fiscal year ended December 31, 2021, with the SEC on April 29, 2022. Shareholders can request a free hard copy of the audited consolidated financial statements. Kaixin operates as a primary dealership network in the premium used and new car segment in China, focusing on the electric vehicle market amid the growth of the used car market. This report may contain forward-looking statements subject to risks and uncertainties.

Positive

• Kaixin is transitioning to a significant player in China's electric vehicle market.
• The company benefits from the rapid growth of China's used car market.
• Offers both strong online and offline presence through a hybrid business model.

Negative

• None.

BEIJING, May 02, 2022 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) announces today that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2021 (the "2021 20-F") with the Securities and Exchange Commission (the “SEC”) on April 29, 2022. The 2021 20-F can be accessed on the Company's investor relations website at http://ir.kaixin.com and on the SEC's website at www.sec.gov. The Company will provide a hard copy of its audited consolidated financial statements contained in the 2021 20-F, free of charge, to its shareholders upon request. Requests can be directed to Investor Relations Department, Kaixin Auto Holdings, 9/F, Dongjin International Center, Huagong Road, Chaoyang District, Beijing, People's Republic of China.

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 factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: our goals and strategies; our future business development, financial condition and results of operations; our expectations regarding demand for and market acceptance of our services; our expectations regarding the retention and strengthening of our relationships with auto dealerships; our plans to enhance user experience, infrastructure and service offerings; competition in our industry in China; and relevant government policies and regulations relating to our industry. Further information regarding these and other risks is included in our other documents filed with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Kaixin does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For more information, please contact:

Kaixin Auto Holdings 
Investor Relations
Email: ir@kaixin.com 

SOURCE: Kaixin Auto Holdings

FAQ

What is the significance of Kaixin's Form 20-F filing for KXIN?

The Form 20-F filing provides investors with crucial financial information and operational data for the fiscal year ended December 31, 2021, showcasing the company's performance.

When did Kaixin file its annual report with the SEC?

Kaixin filed its annual report on Form 20-F with the SEC on April 29, 2022.

How can I access Kaixin's 2021 20-F report?

Kaixin's 2021 20-F report can be accessed on the company's investor relations website or the SEC's website.

What market is Kaixin focusing on according to the press release?

Kaixin is focusing on the electric vehicle market while leveraging its dealership network in the premium used and new car segments.