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Kandi Technologies Announces 2014 Annual Shareholders Meeting

JINHUA, China, Dec. 18, 2014 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the "Company" or "Kandi") (Nasdaq:KNDI), today announced that its 2014 annual meeting of shareholders (the "Annual Meeting") will be held on Tuesday, December 30, 2014, at 9:00 p.m. local time (December 30, 2014, at 8 a.m. E.T.) at KANDI TECHNOLOGIES' executive office, located at 5F, Tower 3, Xixixinzuo, No. 550 Xixi Road, Xihu District, Hangzhou City, Zhejiang Province, China 310013.

The record date to determine whether a shareholder is entitled to vote at the Annual Meeting is November 3, 2014. At the meeting, shareholders will be asked to consider and act upon the following:

  1. To elect seven directors, each to serve until the 2015 annual meeting of shareholders;
  2. To conduct an advisory vote on the compensation of Kandi's named executive officers; and
  3. To transact such other business as properly may come before the Annual Meeting or any adjournments thereof.

Shareholders are welcome to attend the meeting in person or join via a conference call using the dial-in details listed below. Shareholders may submit their questions in writing to IR@kandigroup.com before the end of Tuesday, December 23, 2014 and the management will answer to the questions at the end of the meeting.

Dial-in number:

U.S. Toll Free: 1-877-211-3621

International Toll: 1-719-325-2765

Access code: 255 164 8457

About Kandi Technologies Group, Inc.

Kandi Technologies Group, Inc. (Nasdaq:KNDI), headquartered in Jinhua, Zhejiang Province, is engaged in the research and development, manufacturing and sales of various vehicle products. Kandi has established itself as the one of the world's largest manufacturers of pure electric vehicle ("EV") products, Go-Kart vehicles, three-wheel motorcycles and utility vehicles (UTVs), among others. More information can be viewed at its corporate website is http://www.kandivehicle.com. Kandi routinely posts important information on its website.

Safe Harbor Statement

This press release contains certain statements that may include "forward-looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the risk factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on the SEC's website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

CONTACT: Kandi Technologies Group, Inc. Ms. Kewa Luo Phone: 1-212-551-3610 Email: IR@kandigroup.comSource:Kandi Technologies, Corp.