Kandi Announces Appointment of New Chief Financial Officer

Kandi Technologies Group, Inc. (the “Company” or “Kandi”) (Nasdaq GS: KNDI), 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.