Kaixin Auto Holdings (KXIN)

[TheFinalCD]

In the closing of the Acquisition on August 22, 2023 (the “Closing”), Kaixin issued a total of 100 million ordinary shares of Kaixin to the shareholders of Morning Star and acquired 100% of the equity interest of Morning Star. As of the date of Closing, there were 397,110,736 ordinary shares issued and outstanding of Kaixin upon the completion of the Acquisition.