# EDGAR Filing Document

**Accession Number:** 0001316517
**File Stem:** 0001213900-23-001112
**Filing Date:** 2023-1
**Character Count:** 8368
**Document Hash:** 6c27454bb1d510a70e3310b85be9c173
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-23-001112.hdr.sgml**: 20230105

**ACCESSION NUMBER**: 0001213900-23-001112

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20221230

**ITEM INFORMATION**: Submission of Matters to a Vote of Security Holders

**FILED AS OF DATE**: 20230105

**DATE AS OF CHANGE**: 20230105

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Kandi Technologies Group, Inc.
- **CENTRAL INDEX KEY:** 0001316517
- **STANDARD INDUSTRIAL CLASSIFICATION:** MOTOR VEHICLES & PASSENGER CAR BODIES [3711]
- **IRS NUMBER:** 870700927
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-33997
- **FILM NUMBER:** 23511275

**BUSINESS ADDRESS:**
- **STREET 1:** JINHUA NEW ENERGY VEHICLE TOWN
- **STREET 2:** ZHEJIANG PROVINCE
- **CITY:** JINHUA
- **STATE:** F4
- **ZIP:** 321016
- **BUSINESS PHONE:** (86-0579) 82239851

**MAIL ADDRESS:**
- **STREET 1:** JINHUA NEW ENERGY VEHICLE TOWN
- **STREET 2:** ZHEJIANG PROVINCE
- **CITY:** JINHUA
- **STATE:** F4
- **ZIP:** 321016

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Kandi Technologies Corp
- **DATE OF NAME CHANGE:** 20070813

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** STONE MOUNTAIN RESOURCES INC
- **DATE OF NAME CHANGE:** 20050203

?xml version="1.0" encoding="utf-8"?

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 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): December 30, 2022**

**<u>KANDI TECHNOLOGIES GROUP, INC.</u> (Exact name of registrant as specified in its charter)** 

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| | | |
|:---|:---|:---|
| **Delaware** | **001-33997** | **90-0363723** |
| **(State of Incorporation)** | **(Commission File Number)** | **(IRS Employer Identification)** |

---

**Jinhua New Energy Vehicle Town**

**Jinhua, Zhejiang Province**

**People's Republic of China**

**<u>Post Code 321016</u>**

(Address of principal executive offices)

**<u>(86-579) 8223-9700</u>**

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):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock | KNDI | NASDAQ Global Select Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 5.07 Submission of Matters to a Vote of Security Holders.**

On December 30, 2022, Kandi Technologies Group, Inc., a Delaware corporation (the "Company") held its Annual Meeting of Shareholders for the fiscal year ended December 31, 2021 (the "Annual Meeting"). Holders of 56,723,622 shares of the Company's common stock were present in person or by proxy at the Annual Meeting, representing 76.41% of the total outstanding shares of common stock and therefore constituting a quorum of more than a majority of the shares outstanding and entitled to vote at the Annual Meeting as of the record date of November 10, 2022. The final voting result for each matter submitted to a vote of shareholders at the meeting are as follows. Except for proposal 3 below, broker Non-votes are not counted.

**<u>Proposal 1: Approval of the Merger Agreement and the Plan of Merger</u>**

Votes of a majority of the outstanding shares of the Company's common stock in favor of the proposal is required to approve the merger agreement and plan of merger, to merge with and into Kandi Technologies Group, Inc., an exempted company incorporated under the laws of the British Virgin Islands and a wholly owned subsidiary of the Company ("Kandi BVI"), with Kandi BVI as the surviving company upon the merger becoming effective, and whereby each issued and outstanding share of the common stock of the Company will be converted into the right to receive one ordinary share of Kandi BVI. Broker Non-votes of 22,519,480 shares are not counted. The Company did not obtain sufficient votes to pass this proposal.

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | FOR | FOR | AGAINST | AGAINST | ABSTAIN | ABSTAIN |
| TOTAL SHARES VOTED |  | 27475456 |  | 6542715 |  | 185971 |

---

**<u>Proposal 2: Election of Directors</u>** 

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 22,519,480 shares are not counted.

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| | | | | |
|:---|:---|:---|:---|:---|
|  | FOR | FOR | WITHHELD | WITHHELD |
| HU XIAOMING |  | 32756021 |  | 1448121 |
| DONG XUEQIN |  | 32523747 |  | 1680395 |
| WANG LIN |  | 32530394 |  | 1673748 |
| CHEN LIMING |  | 32448770 |  | 1755372 |
| LIN YI |  | 32395447 |  | 1808695 |
| JERRY LEWIN |  | 31362448 |  | 2841694 |
| HENRY YU |  | 32746197 |  | 1457945 |

---

**<u>Proposal 3: Ratification of the appointment of Paris, Kreit & Chiu CPA LLP as Independent Auditor</u>**

The shareholders ratified the appointment of Paris, Kreit & Chiu CPA LLP as the Company's independent auditor for the fiscal year ending December 31, 2022. Broker Non-votes of 22,519,480 shares are counted.

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | FOR | FOR | AGAINST | AGAINST | ABSTAIN | ABSTAIN |
| TOTAL SHARES VOTED |  | 54942937 |  | 1060389 |  | 720296 |

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**<u>Proposal 4: An Amendment to the Certificate of Incorporation</u>**

Votes of a majority of the outstanding shares of the Company's common stock in favor of the proposal is required to approve an amendment to the Company's Certificate of Incorporation, as amended, to increase the number of authorized shares of the Company's common stock from one hundred million (100,000,000) shares of common stock to one billion (1,000,000,000) shares of common stock, and to correspondingly increase the number of authorized shares of preferred stock from ten million (10,000,000) shares to one hundred million (100,000,000). Broker Non-votes of 22,519,480 shares are not counted. The Company did not obtain sufficient votes to pass this proposal.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | FOR | FOR | AGAINST | AGAINST | ABSTAIN | ABSTAIN |
| TOTAL SHARES VOTED |  | 27019846 |  | 6680178 |  | 504118 |

---

**<u>Proposal 5: Advisory Vote on Compensation of Named Executive Officers</u>**

The shareholders approved, on an advisory, non-binding basis, the compensation of our named executive officers. Broker Non-votes of 22,519,480 shares are not counted.

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | FOR | FOR | AGAINST | AGAINST | ABSTAIN | ABSTAIN |
| TOTAL SHARES VOTED |  | 31947213 |  | 1811979 |  | 444950 |

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**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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| | | |
|:---|:---|:---|
|  | **KANDI TECHNOLOGIES GROUP, INC.** | **KANDI TECHNOLOGIES GROUP, INC.** |
| Date: January 5, 2023 | By: | /s/ Hu Xiaoming |
|  | Name: | Hu Xiaoming |
|  | Title: | Chief Executive Officer |

---