Kandi Technologies Announces Changes to Board of Directors and Senior Management Team

Core Viewpoint - Kandi Technologies Group, Inc. is undergoing a strategic transition in its leadership to enhance long-term growth and operational resilience, with a focus on the all-electric off-road vehicle sector and sustainable mobility solutions [1][2]. Leadership Changes - Mr. Xiaoming Hu has resigned as Chairman of the Board but will remain as a Director, contributing insights during his transition to retirement [1][2]. - Dr. Xueqin Dong has been elected as the new Chairman, effective immediately, and is committed to guiding the company through its next phase [2]. - Mr. Feng Chen has been appointed as Chief Executive Officer, bringing over 20 years of experience in strategic planning and electric vehicle technology [2]. Strategic Initiatives - The Board of Directors approved a series of strategic initiatives aimed at driving innovation in the all-electric off-road vehicle and mobility sectors, with further details to be disclosed soon [2][3]. Company Overview - Kandi Technologies Group, Inc. is headquartered in Jinhua, Zhejiang Province, and is engaged in the research, development, manufacturing, and sales of electric vehicles and parts [3]. - The company operates through its wholly-owned subsidiary, Zhejiang Kandi Technologies Group Co., Ltd., and has established itself as a leading manufacturer of pure electric vehicle parts and off-road vehicles in China [3].