Business
Kandi Technologies Announces Change of Independent Accounting Firm to Marcum Bernstein & Pinchuk LLP
JINHUA, China, Oct. 11, 2019 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), announced today that in
About this update from Kandi Technologies Group, Inc.
[{"type":"text","content":"JINHUA, China, Oct. 11, 2019 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), announced today that in order to have an audit firm more accessible to PCAOB inspections, the Company has appointed Marcum Bernstein & Pinchuk LLP (“MBP”) as the Company’s new independent registered public accounting firm effective October 7, 2019. The appointment of MBP was approved by the Company’s audit committee.\n Mr. Hu Xiaoming, Chairman and Chief Executive Officer of Kandi, commented: “We would like to thank BDO China for their diligent contribution as our auditor in the past. We look forward to working with MBP. We believe MBP’s experience and expertise will become an asset as we enter our next phase of business expansion.” For more information regarding the Company’s change in auditing firm, please refer to the Company’s Form 8-K to be filed with the Securities and Exchange Commission. About Marcum Bernstein & Pinchuk LLP Marcum LLP is one of top ten independent public accounting and advisory services firms to U.S. listed companies. Marcus Bernstein & Pinchuk LLP or MBP, established in New York and China, is an independent accounting firm and financial consulting firm with a strong focus on providing services including auditing, M&A financing, IPO strategy consulting, public relations advisory, financial due diligence, and EB-5 investment to clients from Asia Pacific regions. With offices in New York, Beijing, Guangzhou, Shenzhen, Hangzhou, Shanghai, and Tianjin, MBP’s in-depth knowledge of Chinese culture and local business operations allows them to offer its clients the most comprehensive high-class, efficient, and diversified professional services. MBP has become the top ranked auditor for Chinese companies listed in the U.S. markets with extensive resources in China besides the international “Big Four” accounting firms. About Kandi Technologies Group, Inc. Kandi Technologies Group, Inc. (KNDI), headquartered in Jinhua Economic Development Zone, Zhejiang Province, is engaged in the research, development, manufacturing, and sales of various vehicular products. Kandi conducts its primary business operations through its wholly-owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. (\"Kandi Vehicles\") and its subsidiaries, SC Autosports, LLC, the wholly-owned subsidiary of Kandi in the United...