Kandi Technologies Group, Inc 6-K, filed Dec 31, 2024
Kandi Technologies Group, Inc. (KNDI)
About this 6-K
Kandi Technologies Group, Inc filed this 6-K on December 31, 2024.
UNITED STATES
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 | |||||||||
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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, thereunto duly authorized.
| Date: December 31, 2024 | Kandi Technologies Group, Inc. | |
| By: | /s/ Feng Chen | |
| Feng Chen | ||
| Chief Executive Officer | ||
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