Current Report Filing (8-k)
February 17 2015 - 8:11AM
Edgar (US Regulatory)
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):
February 17, 2015
KANDI TECHNOLOGIES GROUP, INC.
(Exact name of registrant as specified in its
charter)
Delaware |
001-33997 |
90-0363723 |
(State of Incorporation) |
(Commission File Number) |
(IRS Employer Identification)
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Jinhua City Industrial Zone
Jinhua, Zhejiang
Province
Peoples Republic of China
Post Code 321016
(Address of principal executive offices)
(86-579) 8223-9700
Registrants 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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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 7.01. |
REGULATION FD DISCLOSURE.
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On February 17, 2015, Kandi Technologies Group, Inc. (the
Company) issued a press release announcing the conclusion of the SECs
investigation. A copy of the press release is attached hereto as Exhibit
99.1.
The information contained in this Item 7.01 is not filed for
purposes of the Securities Exchange Act of 1934, as amended, and is not deemed
incorporated by reference by any general statements incorporating by reference
this report or future filings into any filings under the Securities Act of 1933,
as amended, or the Securities Exchange Act of 1934, as amended, except to the
extent the Company specifically incorporates the information by reference.
ITEM 9.01. |
FINANCIAL STATEMENTS AND EXHIBITS.
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(d) Exhibits.
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.
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Date: February 17, 2015
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By: /s/ Hu Xiaoming
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Hu Xiaoming
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Its: Chief Executive Officer and Chairman of the Board of
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Directors
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Kandi Technologies Announces Conclusion of SEC Investigation
Jinhua, China--(February 17, 2015) - Kandi Technologies Group,
Inc. ("Kandi" or the "Company") announced today that it received a letter dated
February 9, 2015 from the staff of the Enforcement Division of the U. S.
Securities and Exchange Commission (the "SEC") advising that the Division has
concluded its investigation of Kandi and, based on information received to date,
does not intend to recommend to the Commission that any enforcement action be
brought against Kandi. This formally concludes the SEC's investigation that
commenced in 2013. As previously disclosed, Kandi received notice of a formal
investigation and a subpoena dated November 21, 2013 in connection with the
SEC's investigation.
Hu Xiaoming, Kandi's Chairman of the Board and Chief Executive
Officer commented: "We are extremely pleased that the SEC has concluded its
investigation, particularly since its existence was the subject of much
misleading and harmful press by those holding short positions in the Company's
securities. We respect the SEC and its mandate to protect investors, and
cooperated in its investigation. As I have stated before, Kandi's management's
primary interests have always been twofold shareholder protection and building
a solid foundation for the continued long term growth of the Company. We will
continue to pursue those goals with transparency and in compliance with all
applicable laws and regulations.
About Kandi Technologies Group, Inc.
Kandi Technologies Group, Inc. (NASDAQ GS: 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 the world's largest manufacturers of pure electric vehicle
("EV") products, Go-Kart vehicles, three-wheel motorcycles and utility vehicles
(UTVs), among others. More information can be viewed at its corporate website at
http://www.kandivehicle.com. Kandi 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 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:
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Kandi Technologies Group, Inc.
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Ms. Kewa Luo
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Phone: 1-212-551-3610
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Email: IR@kandigroup.com
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