Kandi Technologies Holds Shareholder Meeting
Ticker: KNDI · Form: 6-K · Filed: Dec 31, 2024 · CIK: 1720250
Sentiment: neutral
Topics: corporate-governance, shareholder-meeting
TL;DR
Kandi Tech held its shareholder meeting on Dec 27, 2024, with ~62M shares represented. Vote on key matters.
AI Summary
Kandi Technologies Group, Inc. held its Annual Meeting of Shareholders on December 27, 2024, for the fiscal year ended December 31, 2023. Approximately 62,042,144 ordinary shares were represented at the meeting, either in person or by proxy. The meeting's primary purpose was to address matters requiring a vote from security holders.
Why It Matters
This filing indicates that Kandi Technologies is conducting necessary corporate governance procedures, including shareholder votes, which are crucial for company operations and future strategic decisions.
Risk Assessment
Risk Level: low — The filing is a routine corporate governance update and does not contain significant financial or operational news that would immediately impact risk.
Key Numbers
- 62,042,144 — Shares Represented (Indicates shareholder participation in the annual meeting.)
Key Players & Entities
- Kandi Technologies Group, Inc. (company) — Registrant
- December 27, 2024 (date) — Date of Annual Meeting
- December 31, 2023 (date) — Fiscal Year End
- 62,042,144 (dollar_amount) — Number of ordinary shares represented at meeting
FAQ
What specific matters were voted on at the Annual Meeting of Shareholders?
The filing states that matters were submitted to a vote of security holders, but does not specify what those matters were.
What is the par value of Kandi Technologies' ordinary shares?
The par value of Kandi Technologies' ordinary shares is $0.001 per share.
Where is Kandi Technologies Group, Inc. incorporated?
Kandi Technologies Group, Inc. is a British Virgin Islands company.
What is the address of Kandi Technologies' principal executive office?
The address of the principal executive office is Jinhua New Energy Vehicle Town, Jinhua, Zhejiang Province, People's Republic of China, 321016.
What form is this filing submitted under?
This filing is submitted as a Form 6-K, Report of Foreign Private Issuer.
Filing Stats: 529 words · 2 min read · ~2 pages · Grade level 12.5 · Accepted 2024-12-31 16:15:04
Key Financial Figures
- $0.001 — pany’s ordinary shares, par value $0.001 per share (the “Ordinary Shares&r
Filing Documents
- ea0226388-6k_kandi.htm (6-K) — 27KB
- 0001213900-24-113988.txt ( ) — 28KB
From the Filing
OF FOREIGN PRIVATE ISSUER UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of December 2024 Commission File Number: 333-259881 KANDI TECHNOLOGIES GROUP, INC. (Translation of registrant’s name into English) Jinhua New Energy Vehicle Town Jinhua, Zhejiang Province People’s Republic of China, 321016 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F Kandi Technologies Group, Inc., a British Virgin Islands company (the “Company”) furnishes under the cover of Form 6-K the following: Submission of Matters to a Vote of Security Holders. On December 27, 2024, the Company held its Annual Meeting of Shareholders for the fiscal year ended December 31, 2023 (the “Annual Meeting”). Holders of 62,042,144 shares of the Company’s ordinary shares, par value $0.001 per share (the “Ordinary Shares”) were present in person or by proxy at the Annual Meeting, representing 72.08% of the total outstanding shares of Ordinary Shares as of the record date of November 4, 2024, and therefore constituting a quorum. The final voting result for each matter submitted to a vote of shareholders at the meeting are as follows. Proposal 1: Election of Directors The following seven individuals were elected as the Board of Directors of the Company to serve as directors until the next Annual Meeting of Shareholders or until their successors have been duly elected and qualified. Broker Non-votes of 24,138,448 shares are not counted. FOR WITHHELD HU XIAOMING 36,440,365 1,463,331 DONG XUEQIN 36,387,147 1,516,549 WANG LIN 36,440,476 1,463,220 CHEN LIMING 36,076,874 1,826,822 LIN YI 36,062,931 1,840,765 JERRY LEWIN 36,364,227 1,539,469 HENRY YU 36,382,831 1,520,865 Proposal 2: Ratification of the appointment of ARK Pro CPA & Co. as Independent Auditor The shareholders ratified the appointment of ARK Pro CPA & Co. as the Company’s independent auditor for the fiscal year ending December 31, 2024. Broker Non-votes of 24,138,448 shares are counted. FOR AGAINST ABSTAIN TOTAL SHARES VOTED 59,749,047 2,017,563 275,534 Proposal 3: Approval of the Amended and Restated 2008 Omnibus Long Term Incentive Plan The shareholders approved the Amended and Restated 2008 Omnibus Long Term Incentive Plan of the Company (the “Plan”), to increase the number of available shares reserved under the Plan of ten million (10,000,000) shares of Ordinary Shares to thirty-three million (33,000,000) shares of Ordinary Shares. Broker Non-votes of 24,138,448 shares are not counted. The Company obtained sufficient votes to pass this proposal. FOR AGAINST ABSTAIN TOTAL SHARES VOTED 34,463,819 3,368,515 71,362 Proposal 4: Advisory Vote on Compensation of Named Executive Officers The shareholders approved, on an advisory, non-binding basis, the compensation of our named executive officers. Broker Non-votes of 24,138,448 shares are not counted. FOR AGAINST ABSTAIN TOTAL SHARES VOTED 36,730,033 1,027,768 145,895 1 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, thereunto duly authorized. Date: December 31, 2024 Kandi Technologies Group, Inc. By: /s/ Feng Chen Feng Chen Chief Executive Officer 2