Kaixin Holdings issues 10 million shares to buy Hongkong Taohaoche equity stake
KXIN•Transaction terms
Kaixin Holdings’ Jet Sound Hong Kong agreed to buy 100% of Hongkong Taohaoche from sole owner Hsiao-Ching Chiu.
The consideration is set at 10 million Class A ordinary shares, which will be placed in escrow with AUTOA2A for performance-based release.
Escrow and performance conditions
The shares are to be released in three tranches over fiscal 2026-2032, tied to two-year revenue targets of RMB 1 billion to RMB 1.2 billion.
Chiu retains dividend and voting rights during escrow, and the released shares cannot be transferred until the assessment period ends.
The agreement is dated Aug. 26, 2026.
