Kaixin Holdings reported unaudited consolidated results for the six months ended June 30, 2026. Total revenue increased 602% year-over-year to US$667,000 from US$95,000 in the prior period, driven by its car sales business. Gross profit decreased 76% to US$23,000 from US$95,000. Loss from operations narrowed significantly to US$2.0 million from US$8.7 million, primarily due to a US$5.1 million reduction in share-based compensation expenses within general and administrative costs. Net loss attributable to the Company was US$1.9 million, down 77% from US$8.4 million. The company also disclosed that total ordinary shares outstanding were 45,278,552 as of the filing date. Kaixin Holdings operates in the automotive industry, primarily engaged in the sales of domestic and used automobiles in China.

Kaixin Holdings approved the issuance of an additional 10,000,000 Class A ordinary shares to Hsiao-Ching Chiu as part of the acquisition consideration for Hongkong Taohaoche Limited. This adjustment compensates for a substantial decline in the market value of the original 10,000,000 Consideration Shares, which dropped from over $5.00 per share to under $1.50 following the August 26, 2026 agreement date. The additional shares will be held in escrow and released subject to six-year performance targets defined in the Purchase Agreement. Kaixin Holdings operates in the automotive industry.

Kaixin Holdings acquired 100% of Hongkong Taohaoche Limited through its subsidiary Jet Sound Hong Kong Company Limited. The company issued 10,000,000 Class A ordinary shares as consideration, held in escrow by AUTOA2A, LTD., and released based on performance targets over three two-year periods ending August 31, 2032. Targets require audited revenues of RMB 1 billion, RMB 1.1 billion, and RMB 1.2 billion respectively. Kaixin Holdings operates in the automotive industry.