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Wednesday, May 1, 2019

Equity Corporate Actions Alert #2019 - 84
Information Regarding the Business Combination of CM Seven Star Acquisition Corporation (CMSS/W/R/U) and Kaixin Auto Group

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  • Industry Announcement

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CM Seven Star Acquisition Corporation (CMSS, CMSSW, CMSSR, & CMSSU) has completed the previously announced business combination with Renren Inc. (NYSE: RENN) and Kaixin Auto Group. In conjunction with the completion of this transaction, the company's Ordinary Shares (CMSS) and Warrants (CMSSW) will undergo a name, symbol, and CUSIP number change and the company's Rights (CMSSR) and Units (CMSSU) will be suspended from trading. The rights will be exchanged into common stock at a ratio of one (1) ordinary share for each ten (10) rights held. These actions will become effective in the marketplace on Thursday, May 2, 2019.

The details of the name, symbol, & CUSIP changes are follows:

Current Company Name & Issue Type: CM Seven Star Acquisition Corporation Ordinary Shares
New Company Name & Issue Type: Kaixin Auto Holdings Ordinary Shares
Current CUSIP: G2345N102
New CUSIP: G5223X100
Current Symbol: CMSS
New Symbol: KXIN
Marketplace Effective Date: Thursday, May 2, 2019

Current Company Name & Issue Type: CM Seven Star Acquisition Corporation Warrant
New Company Name & Issue Type: Kaixin Auto Holdings Warrant expiring 4/30/2024
Current CUSIP: G2345N110
New CUSIP: G5223X134
Current Symbol: CMSSW
New Symbol: KXINW
Marketplace Effective Date: Thursday, May 2, 2019

If you would like to register as a market maker in KXIN or KXINW, contact Nasdaq Trading Services at +1 212 231 5100.

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