JINHUA, China, Dec. 5, 2012 (GLOBE NEWSWIRE) -- Kandi Technologies, Corp. (the 'Company' or 'Kandi') (Nasdaq:KNDI), a leading Chinese manufacturer and developer of pure electric vehicles (EVs) and off-road vehicles, today announced that its 2012 annual meeting of shareholders will be held on Wednesday, December 19th, 2012, at 9:00 p.m. local time (December 19th, 2012, at 8 a.m. eastern time) at KANDI TECHNOLOGIES' executive office, located at 6F, South Tower B, Lianhua Business Center, No. 333 Lianhua Road, Xihu District, Hangzhou City, Zhejiang Province, China 310013.
The record date for determination of shareholders entitled to vote at the annual meeting is November 16, 2012. At the Annual Meeting, stockholders will be asked to consider and act upon the following:
1. To elect seven directors, each to serve until the 2013 Annual Meeting of Stockholders;
2. To ratify the appointment of Albert Wong & Co. as our independent registered public accounting firm for the fiscal year ending December 31, 2012; and
3. To approve an amendment to our Certificate of Incorporation to change our name from "Kandi Technologies, Corp." to "Kandi Technologies Group, Inc."
4. To transact such other business as properly may come before the annual meeting or any adjournments thereof. The Board of Directors is not aware of any other business to be presented to a vote of the stockholders at the annual meeting.
Shareholders are welcome to attend the meeting in person or join via a conference call using the dial-in details listed below. Shareholders can submit the questions in writing to IR@kandigroup.com before Friday, December 14th, 2012 and we will answer the questions at the end of the meeting.
U.S. Toll Free: 1-888-887-4214
International Toll: 1-913-643-0354
Access code: 435124
About Kandi Technologies, Corp.
Kandi Technologies, Corp. (KNDI) is a manufacturer and exporter of a variety of vehicles in China, making it a world leader in the production of popular off-road vehicles (ORVs). It also ranks among the leading manufacturers in China of all-terrain vehicles (ATVs), specialized utility vehicles (UTVs), and a recently introduced second-generation high mileage, two-seat three-wheeled motorcycle. Another major company focus has been on the manufacture and sale of the COCO electric vehicle (EV), a highly economical, beautifully designed, all-electric super mini-car for neighborhood driving and commuting. The convertible and hardtop models of the COCO EV are available in the United States and other countries, while the Chinese government has approved the sale of Kandi EVs in China since 2010. More information can be viewed at its corporate website is http://www.kandivehicle.com.
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.