Effective May 15, 2020, the board of directors of Kandi Technologies Group, Inc. (the “Company”) appointed Mr. Jehn Ming Lim as Chief Financial Officer of the Company. Ms. Zhu Xiaoying had completed her responsibilities as the Company’s interim CFO. Mr. Jehn Ming Lim, has extensive experience in providing financial accounting and advisory services to public and private companies and has been engaging in this profession for more than 15 years. He was the Chief Financial Officer of Takung Art Co. Ltd. from February 2019 to May 2020.