Letter

• The Company was provided an initial period of 180 calendar days, or until September 9, 2024, to regain compliance with the MVLS and MVPHS Requirements.
• As described in the Determination Letter, unless the Company timely requests a hearing before a Hearings Panel (the “Panel”), the Company’s securities would be subject to suspension/delisting.
• Accordingly, the Company intends to timely request a hearing before the Panel.
• The hearing request will automatically stay any suspension or delisting action pending the hearing and the expiration of any additional extension period granted by the Panel following the hearing.

• Tolkien’s The Lord of the Rings, Bilbo Baggins attempts to describe how he feels about his unnatural lifespan, extended by his ownership of one of the magical rings.
• That quote came back to me as I sat through Amazon Prime’s first series of The Rings of Power in 2022.
• For all the hype, and budget, it repeatedly felt like too little content was being drawn out across too many episodes.
• Tolkien's collected poems offers new insights into the Lord of the Rings author's personality * **

A little less conversation, a little more action

• In 1956, US literary critic Edmund Wilson wrote an ill-informed analysis of Lord Of The Rings, calling it “juvenile trash”.
• He took aim, in particular, at the seemingly one-dimensional dichotomy of good and evil, especially as witnessed in the orcs.
• Here, the orcs are not simple cannon fodder – or at least have a view on whether they should be.

AI as a theme in The Rings of Power

• He warned against the rise of the machines, their seductive nature and the desire for power that comes with them.
• Series two of Rings of Power is concentrating on this idea.
• The elves have become bewitched by the rings, which seem to offer infinite possibilities and unimagined power, but – crucially – they do not understand them.
• Tolkien knew this, and we now have promising signs from the writers of Rings of Power that they have recognised it too.

• That is why the Sun rises brightly today.” So declared the front page of the Sun on September 15 1964.
• The Sun sought to differentiate itself by channelling the positivity and aspirationalism of an increasingly affluent 1960s society.
• The paper welcomed the “age of automation, electronics, computers” and called for the “rapid modernisation of Britain”.
• This was a message very much aligned with Harold Wilson’s Labour party, which swept to power a month later after 13 years of Conservative rule.
• In 1969, the publisher thought there was little risk in selling it to the young Australian entrepreneur Rupert Murdoch.
• They predicted that the Sun would set, and that would be the end of the story.

Lasting legacy

• Whatever one’s views, it is hard to deny the paper’s influence and significance on British culture and politics.
• As it moves towards pensionable age, however, the Sun, like the rest of the press, has lost most of its power.
• However hard it tries, the Sun can no longer plausibly pretend it represents “the age we live in”.

• HANGZHOU, China, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and sales platform in China, today announced that it received a letter dated September 12, 2024 from the Nasdaq Hearings Panel (“Panel”), indicating that the Panel has determined to grant the Company a temporary exception to regain compliance with The Nasdaq Stock Market LLC’s Listing Rule 5550(a)(2) (the “Bid Price Rule”) by December 13, 2024.
• The Company is scheduled to hold an extraordinary general meeting on October 1, 2024 to obtain shareholders’ approval for a reverse stock split.
• The Company aims to effectuate a reverse stock split by November 30, 2024, and to regain compliance with the Bid Price Rule by December 13, 2024.
• In the event the Company fails to regain compliance with the Bid Price Rule by December 13, 2024, its securities will be delisted.