Kandi Technologies (KNDI) appoints new independent director as Lin Yi resigns

Rhea-AI Filing Summary

Kandi Technologies Group, Inc. reported a board change effective May 31, 2026. Independent director Lin Yi resigned from the board and from the Compensation Committee and the Nominating and Corporate Governance Committee for personal reasons, with no disagreements related to company operations or policies.

The company appointed Yang Rui, age 54, as a new independent director and member of the same two committees. Rui is a senior engineer with a doctorate in Power Engineering and Engineering Thermophysics and long experience in the automotive industry. He will receive annual cash compensation of RMB 60,000 (approximately USD 8,823). The company states there are no family relationships, related-party transactions, or appointment arrangements involving Rui and any directors, officers, or third parties.

Key Figures

Effective date of board changes: May 31, 2026 Age of new director: 54 years Annual director salary (RMB): RMB 60,000 +3 more

6 metrics

Effective date of board changes May 31, 2026 Resignation of Lin Yi and appointment of Yang Rui

Age of new director 54 years Age of independent director Yang Rui

Annual director salary (RMB) RMB 60,000 Total annual cash compensation for Yang Rui

Annual director salary (approx. USD) USD 8,823 Approximate cash compensation for Yang Rui

National-level research projects led 1 project Research leadership by Yang Rui in automotive R&D

Provincial-level research projects led 2 projects Additional projects led by Yang Rui

Key Terms

independent director, Compensation Committee, Nominating and Corporate Governance Committee, related party transaction

4 terms

independent director financial

"Mr. Lin, an independent director of Kandi Technologies Group, Inc."

An independent director is a member of a company's board of directors who is not involved in the company's day-to-day operations and has no significant relationships with the company that could influence their judgment. Their role is to provide unbiased oversight and ensure the company is managed in the best interests of all shareholders. This helps build trust and confidence among investors by promoting transparency and accountability.

Compensation Committee financial

"a member of the Compensation Committee and the Nominating and Corporate Governance Committee"

A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.

Nominating and Corporate Governance Committee financial

"a member of the Compensation Committee and the Nominating and Corporate Governance Committee"

A nominating and corporate governance committee is a group within a company's board of directors responsible for selecting and recommending individuals to serve as company leaders, such as directors or executives. They also develop and oversee policies to ensure the company is run fairly, ethically, and transparently. This committee matters to investors because it helps ensure the company is well-managed and guided by qualified, responsible leadership.

related party transaction financial

"that would be reportable as a related party transaction under the rules of the Securities and Exchange Commission"

A related party transaction is any deal or transfer of value between a company and people or entities with close ties to it — such as executives, major owners, family members, or affiliated businesses. Investors watch these transactions because they can favor insiders over outside shareholders, skirt fair market pricing, or hide risks; like selling your car to a relative at a friendly price, they require clear disclosure and scrutiny to judge impact on value.

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Form 6-K: How Foreign Companies Report to the SEC →

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 OF THE
SECURITIES EXCHANGE ACT OF 1934

For the month of May 2026

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 offices)

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 ☐

Resignation of Director

Effective May 31, 2026, Mr. Lin Yi (“Mr. Lin”), an independent director of Kandi Technologies Group, Inc., a British Virgin Islands company (the “Company”), and a member of the Compensation Committee and the Nominating and Corporate Governance Committee, resigned from all his positions with the Company above referenced.

Mr. Lin’s resignation was due to personal reasons and was not a result of any disagreements with the Company on any matters relating to its operations, policies, or practice.

Appointment of New Director

Effective May 31, 2026, the Company appointed Mr. Yang Rui (“Mr. Rui”) as an independent director of the Company, and as a member of the Compensation Committee and the Nominating and Corporate Governance Committee.

Mr. Rui, age 54, is a senior engineer with extensive experience in the automotive industry. He holds a doctorate in Power Engineering and Engineering Thermophysics from Zhejiang University and has been engaged in automotive-related fields for many years. From 2020 to 2025, Mr. Rui served as General Manager of Zhejiang Bozhong Automotive Technology Co., Ltd. Since 2020, he has concurrently been serving as Associate Researcher at the College of Energy Engineering, Zhejiang University, and Vice Chairman of the Zhejiang Society of Automotive Engineering. In 2025, he was appointed Secretary-General of the Zhejiang Society of Automotive Engineering. Mr. Rui has led and completed one national-level and two provincial-level research projects, in addition to multiple horizontal research projects, contributing significantly to automotive research and development.

Mr. Rui shall receive a total annual salary in the amount of RMB 60,000 (approximately USD 8,823) in cash.

There are no family relationships between Mr. Rui and any director or other executive officer of the Company. There are no transactions between Mr. Rui or any member of his immediate families and the Company or any of its subsidiaries that would be reportable as a related party transaction under the rules of the Securities and Exchange Commission. Further, there is no arrangement or understanding between Mr. Rui and any other persons or entities pursuant to which Mr. Rui was appointed to his respective positions at the Company.

1

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.

	KANDI TECHNOLOGIES GROUP, INC.
Date: June 4, 2026	By:	/s/ Feng Chen
	Name:	Feng Chen
	Title:	Chief Executive Officer (Principal Executive Officer)

2

FAQ

What board changes did KNDI announce in this Form 6-K?

Kandi Technologies Group announced that independent director Lin Yi resigned effective May 31, 2026, for personal reasons. The company simultaneously appointed Yang Rui as an independent director and member of the Compensation and Nominating and Corporate Governance Committees, maintaining board committee coverage.

Why did Lin Yi resign from Kandi Technologies Group (KNDI)?

Lin Yi resigned as an independent director effective May 31, 2026, due to personal reasons. The company states his resignation was not the result of any disagreements regarding Kandi’s operations, policies, or practices, indicating no disclosed governance or policy dispute behind the departure.

Who is the new independent director appointed by KNDI?

Kandi Technologies Group appointed Yang Rui as an independent director effective May 31, 2026. Rui is a 54-year-old senior engineer with extensive automotive industry experience and a doctorate from Zhejiang University, and he joins the Compensation and Nominating and Corporate Governance Committees.

What compensation will KNDI pay its new director Yang Rui?

Yang Rui will receive a total annual cash salary of RMB 60,000, approximately USD 8,823. This compensation relates to his role as an independent director and committee member at Kandi Technologies Group, reflecting a relatively modest cash compensation structure for the position.

Are there any related party transactions between KNDI and Yang Rui?

The company states there are no transactions between Yang Rui or his immediate family and Kandi Technologies Group or its subsidiaries that would qualify as related party transactions under SEC rules, suggesting no disclosed financial relationships beyond his director compensation.

Does Yang Rui have family or appointment arrangements with KNDI executives?

Kandi reports no family relationships between Yang Rui and any director or executive officer and no arrangements or understandings with other persons or entities regarding his appointment. This indicates his selection is presented as independent of insider or third-party agreements.