Happy Holdings announced a strategic acquisition of Xingcan Company and launched AI education business.

Kaixin Holdings announced today that it has officially signed an Letter of Intent with the Chinese AI education innovation company Xingcan Company. Kaixin Holdings plans to issue new shares to acquire 55% of Xingcan Company's equity. This transaction signifies that both parties will collaborate deeply, focusing on the global layout of the "AI + Education + Live Broadcasting" ecosystem, and accelerate the intelligent upgrade of the education industry.