BEIJING, Oct. 06, 2025 — Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) announced today the formation of its Digital Asset Management Department. This new department will focus on raising capital to invest in cryptocurrencies like Bitcoin and Ethereum and implementing a strategic digital asset allocation plan designed to increase value for Kaixin. This strategy aims to diversify beyond traditional business risks and capitalize on the unique characteristics of the crypto asset market to potentially generate long-term returns and achieve a diversified asset portfolio.
In an increasingly complex and volatile global economy, traditional investments are facing greater uncertainties. However, the advancement of blockchain technology and the increasing maturity of the global digital asset market have led to greater acceptance of cryptocurrencies like Bitcoin and Ethereum among investment institutions and fintech companies. Their market value has demonstrated growth potential despite long-term fluctuations. The flexibility of their trading mechanisms allows for rapid responses to market shifts, providing an efficient channel for corporate asset allocation adjustments.
The Company plans to explore opportunities to attract new strategic investors and acquire valuable projects within the Web3 industry. These efforts are intended to optimize the company’s equity structure and business system, showcasing its innovative approach to asset allocation. The company anticipates that this initiative will positively impact its long-term development and enhance shareholder value.
As of October 6, 2025, the Company reports a total of 27,258,228 ordinary shares issued and outstanding, comprised of 22,158,228 Class A ordinary shares and 5,100,000 Class B ordinary shares.
About Kaixin Holdings
Kaixin Holdings is in the process of transforming into an AI-driven technology enterprise based in China. Its XINGCAN platform utilizes AI technologies to create and manage online live streaming education platforms and packages for both domestic and international audiences. Through the proposed acquisition, Kaixin is entering the AI education sector and plans to broaden its AI capabilities into new areas to unlock additional growth opportunities.
Safe Harbor Statement
This release may contain predictions and projections that constitute forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are generally identifiable by terms such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and similar expressions. Statements that describe Kaixin’s beliefs and expectations and are not based on historical facts are forward-looking statements that involve inherent risks and uncertainties. Several factors could cause actual results to differ significantly from those expressed in these statements, including but not limited to: the Company’s objectives and strategies; its future business growth, financial status, and operational results; expectations regarding the demand for and market acceptance of its services; expectations concerning the retention and enhancement of relationships with auto dealerships; strategies to improve user experience, infrastructure, and service offerings; competition within the Chinese industry; and relevant government policies and regulations affecting the industry. Further details about these and other risks can be found in the Company’s filings with the SEC. All information presented in this announcement and its attachments is current as of the announcement date, and Kaixin assumes no obligation to revise any forward-looking statement, except as required by law.
For more information, please contact:
Kaixin Holdings
Investor Relations
Email: ir@kaixin.com
