Kandi Technologies Announces a 1-for-10 Reverse Stock Split

Jinhua, China, Oct. 13, 2026 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (“Kandi” or the “Company”) (NASDAQ GS: KNDI), a global innovator in intelligent equipment and a technology-driven platform company, announced that it expects to implement a 1-for-10 reverse stock split, or consolidation of its ordinary shares, par value of $0.001 per share (the “Ordinary Shares”), effective at the opening of market on Friday, October 16, 2026 (the “Reverse Stock Split”). Trading of the Company’s Ordinary Shares will begin on a split-adjusted basis at the market open on that date. Prior to the effectiveness of the Reverse Stock Split, the Company has 103,002,499 Ordinary Shares issued and outstanding, which includes 2,077,134 shares the Company repurchased in the year of 2024. Trading in the Ordinary Shares on a split-adjusted basis will continue on the Nasdaq Global Select Market under the symbol “KNDI.” The new CUSIP number for the Ordinary Shares following the Reverse Stock Split is G5214E111.