UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
____________________
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date of
Report (Date of earliest event reported): February 1, 2011
KANDI
TECHNOLOGIES, CORP.
(Exact
name of registrant as specified in its charter)
Delaware
|
001-33997
|
90-0363723
|
(State
of Incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification)
|
Jinhua
City Industrial Zone
Jinhua,
Zhejiang Province
People’s
Republic of China
Post Code
321016
(Address
of principal executive offices)
(86 -
0579) 82239700
Registrant’s
telephone number, including area code
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General
Instruction A.2. below):
o
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
o
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
o
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
|
o
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
5.02
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Departure
of Directors or Principal Officers; Election of Directors; Appointment of
Principal Officers.
|
On January 31, 2011, Hu Wangyuan and
Yao Zhengming resigned from the Board of Directors (the “Board”) of Kandi
Technologies, Corp. (the “Company”). Mr. Yao was the Chair of the
Company’s Audit Committee and a member of the Company’s Compensation Committee
and the Corporate Governance and Nominating Committee. There were no
disagreements between Mr. Hu or Mr. Yao and the Company. Both Mr. Hu
and Mr. Yao have been provided with copies of the disclosures the Company is
making in response to this Item 5.02 and both have been provided with the
opportunity to state whether or no they are in agreement with the statements
herein.
On January 31, 2011, Fong Heung Sang
and Qian Jinsong were elected to the Board of the Company by unanimous approval
of the Board, effective immediately. Mr. Fong is an independent
director, in accordance with the rules of the NASDAQ Stock Market, Inc.
Marketplace Rules. The Board has appointed Mr. Fong to be the Chair
of the Company’s Audit Committee, and a member of the Compensation Committee and
the Corporate Governance and Nominating Committee. The Company does
not have any arrangement or understanding with either Mr. Fong or Mr. Qian
pursuant to which either was selected to be a director. There have
not been any transactions, since the beginning of the Company’s last fiscal
year, in which the Company was a participant and the amount involved exceeded
$120,000, and in which either Mr. Fong or Mr. Qian had a direct or indirect
material interest.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Dated: February 1, 2011 | |||
KANDI TECHNOLOGIES, CORP. | |||
|
By:
|
/s/ Hu Xiaoming | |
Name: | Hu Xiaoming | ||
Title: | President and CEO | ||