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 3, 2011
KANDI
TECHNOLOGIES, CORP.
(Exact
name of registrant as specified in its charter)
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Delaware
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001-33997
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90-0363723
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(State
of Incorporation)
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(Commission
File Number)
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(IRS
Employer
Identification)
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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):
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
8.01 Other Events
Reference
is made to the Current Report on Form 8-K filed by Kandi Technologies, Corp.
(the “Company” or “Kandi”), which was filed with the Securities and Exchange
Commission (the “SEC”) on February 1, 2011, regarding the election of Fong Heung
Sang and Qian Jinsong to the Board of Directors of the Company. A
summary of Mr. Sang’s and Mr. Fong’s biographies and business experience is
listed below.
Fong Heung
Sang
Fong
Heung Sang (Dexter), age 49, a U.S. CPA, previously served as a director of
Kandi from July 2007 to November 2010. Mr. Fong is currently director
of China Elector Motor, Inc. (Nasdaq: CELM). He joined CELM in Jan 2010. He is
also director of Granto Inc. (OTCBB: GNTQ) from March 2010. Mr. Fong was CFO of
Apollo Solar Energy, Inc (OTC: ASOE) from February 2009 to March 2010. Between
December 2006 to January 2009, he was the Executive Vice President of Corporate
Development of Fuqi International Inc (Nasdaq: FUQI). He helped guide the
company in its IPO in October 2007 and raised $72M. From January 2004 to
November 2006, Mr. Fong served as the managing partner of Iceberg Financial
Consultants, a financial advisory firm based in China that advises Chinese
clients in capital raising activities in the United States. From December 2001
to December 2003, Mr. Fong was the Chief Executive Officer of Holley
Communications, a Chinese company that engaged in CDMA chip and cell phone
design. Mr. Fong is a U.S. CPA and has held various positions in such capacity
with accounting firms in the United States and Hong Kong, including Deloitte and
Touche, Ernst and Young, and KPMG Peat Marwick. Mr. Fong also currently serves
as an independent director and audit committee member of a Hong Kong public
company, Universal Technology Inc. (HK:8091). Mr. Fong also serves as a director
and audit committee chairman, for each of Diguang International Development Co.,
Ltd. (OTCBB: DGNG) and Kandi Technology Corp. (NASDAQ-CM: KNDI), both U.S.
publicly-traded companies. Mr. Fong graduated from the Hong Kong Baptist College
with a diploma in History in 1982. He also received an MBA from the University
of Nevada at Reno in 1989 and a Masters degree in Accounting from the University
of Illinois at Urbana Champaign in 1993. Mr. Fong satisfies the requirements of
the designated “financial expert” as defined by the SEC’s rules implementing
Section 407 of the Sarbanes-Oxley Act of 2002.
Qian
Jinsong
Qian
Jinsong, age 49, was elected to serve as a director of Kandi on January 31,
2011. Mr. Qian has served as Deputy General Manager of Zhejiang Kandi
Vehicles Co. Ltd since October 2009. From October 2006 to October
2009, Mr. Qian worked at Chery Automobile (now “Chery Karry Automobile”), where
he served as Head of the Engineering Construction Group from October 2006 to
2007, Head of the Product Development Team from March 2007 to September 2007,
and as Vice Manager of the Q21 Project in October 2007. Most recently, as
Assistant General Manager at Chery Automobile he supervised the Production
Management and Integrated Management Departments. He also was in
charge of quality assurance and participated in strategy, planning and product
development work for Chery mini-cars. From August 1999 to September
2006, Mr. Qian served as Deputy General Manager and Executive General Manager of
Anhui Huayang Auto Manufacturing Co., LTD where he oversaw technical
improvement, product development, administrative personnel, and external
affairs. Mr. Qian received a degree in Professional Ordnance from the
Aerospace Staff University in Nanjing, China in 1983.
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.
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Dated:
February 3, 2011
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KANDI
TECHNOLOGIES, CORP.
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By:
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/s/
Hu Xiaoming
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Name:
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Hu
Xiaoming
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Title:
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President
and CEO
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