Kaixin shareholders approve all resolutions at annual meeting

BEIJING - Kaixin Holdings (NASDAQ:KXIN) announced Tuesday that shareholders approved all resolutions presented at its annual general meeting held on September 13, 2025. The company’s stock, which has declined over 80% in the past year and currently trades near $0.80, faces significant market challenges according to InvestingPro data.

Among the key approvals was authorization for the company’s Board of Directors to implement a share consolidation within a predetermined range and make corresponding amendments to the company’s Articles within 360 days of the shareholder vote.

The full text of each resolution was previously filed with the Securities and Exchange Commission on Form 6-K on August 28, 2025, and is available on the company’s investor relations website.

Kaixin Holdings, which trades on the Nasdaq, has stated it is transitioning into an AI-driven technology business in China. The company is working to develop and operate online live streaming education platforms using artificial intelligence technologies for both domestic and international audiences.

According to the press release statement, Kaixin aims to enter the AI education business through a proposed acquisition and plans to expand its AI capabilities into new areas to pursue additional growth opportunities.

The company did not provide specific details about the share consolidation ratio or timeline for implementation beyond the 360-day authorization period.

In other recent news, Kaixin Holdings announced it has signed a term sheet to acquire a 55% stake in XINGCAN, a Chinese AI education company. This acquisition will be executed through the issuance of new shares. The strategic move aims to develop a global "AI + Education + Live Streaming" ecosystem, as stated in a company press release. However, the financial terms of the deal have not been disclosed. This development highlights Kaixin Holdings’ interest in expanding its footprint in the AI and education sectors. The acquisition is expected to open new avenues for growth and innovation within the company. Investors may find this move significant as it reflects the company’s strategic direction and potential for future expansion.

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