Kandi Announces Appointment of New Chief Financial Officer
March 24 2015 - 09:02AM
Kandi Technologies Group, Inc. (the "Company" or "Kandi")
(Nasdaq:KNDI), today announced that Kandi has appointed Mr. Cheng
(Henry) Wang as the Company's new Chief Financial Officer,
effective May 1, 2015.
Mr. Wang has over 20 years of international financial management
experience. Before joining Kandi, Henry served as Chief Financial
Officer for Shanghai Always Marketing Service Co., LTD., one of the
largest field marketing service agencies in China, leading its
procurement and finance departments since May 2014. Prior to that,
Mr. Wang worked for Renesola Ltd. (NYSE:SOL), an international
leading brand and technology provider of green energy products,
initially as the Vice President of Finance, ascending to Chief
Financial Officer in July 2011. Mr. Wang holds both certifications
as Certified Public Accountants ("CPA") in China and Certified
Internal Auditor ("CIA"), and earned a Master's degree in Law from
Renmin University of China and a Master's of Business
Administration from the Open University of Hong Kong.
Mr. Hu Xiaoming, Chairman and Chief Executive Officer of Kandi,
said, "We are pleased to welcome Henry Wang to our management team
as the new Chief Financial Officer. His depth of experience in
financial management, international business development, and
operations will be a significant asset to Kandi. Henry possesses
the knowledge and experience to provide broad-based business
acumen, financial leadership and risk management to positively
impact the business beyond the finance function."
Ms. Zhu Xiaoying (Emily) will transition from her position as
Chief Financial Officer of the Company to the same position at
Zhejiang Kandi Vehicles Co., Ltd., a wholly-owned subsidiary of the
Company. "We greatly appreciate the contributions Ms. Zhu made
during her tenure. She has been an important member of our
management team and has played a key role in ensuring Kandi's
continued growth, by building a strong financial management
foundation and establishing key financial capabilities for the
Company," said Mr. Hu.
About Kandi Technologies Group, Inc.
Kandi Technologies Group, Inc. (Nasdaq:KNDI), headquartered in
Jinhua, Zhejiang Province, is engaged in the research and
development, manufacturing and sales of various vehicle products.
Kandi has established itself as the one of China's leading
manufacturers of pure electric vehicle ("EV") parts, EV products
and off road vehicles. More information can be viewed at its
corporate website is http://www.kandivehicle.com. The Company
routinely posts important information on its website.
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 ("SEC") 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.
CONTACT: Company Contact:
Ms. Kewa Luo
Kandi Technologies Group, Inc.
Phone: 1-212-551-3610
Email: IR@kandigroup.com
IR Contact:
Matthew Abenante
The Piacente Group
Phone: 1-212-481-2050
Email: kandi@tpg-ir.com
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