Kandi Reports Nasdaq Minimum Bid Price Compliance Deficiency Notification

(SeaPRwire) –   JINHUA, China, May 08, 2026 — Kandi Technologies Group, Inc. (“Kandi” or the “Company”) (NASDAQ GS: KNDI), an international developer of intelligent equipment and technology-driven platforms, announced today that it received a notification letter from the Nasdaq Listing Qualifications Department (“Nasdaq”) on May 5, 2026. The letter informed the Company that it is currently not meeting the minimum bid price requirement, as its closing bid price was below $1.00 per share from March 23, 2026, through May 4, 2026. According to Nasdaq Listing Rule 5450(a)(1), listed companies must maintain a minimum closing bid price of $1.00 per share; failing to do so for 30 consecutive business days results in a compliance deficiency.

This notification does not have an immediate impact on the listing of the Company’s ordinary shares on the Nasdaq.

Under Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted 180 calendar days, or until November 2, 2026 (the “Initial Compliance Period”), to resolve this deficiency. During this timeframe, Kandi’s shares will continue to be traded on the Nasdaq Global Select Market. The Company can regain compliance if the closing bid price of its ordinary shares reaches at least $1.00 for a minimum of ten consecutive business days at any point during the Initial Compliance Period, at which time Nasdaq will provide written confirmation of compliance.

If compliance is not achieved by November 2, 2026, the Company may be eligible for an additional 180-day compliance period. To qualify, Kandi would need to apply to transfer its securities to the Nasdaq Capital Market, submit the required online application, pay a $5,000 non-refundable fee, and satisfy all other continued listing standards for that market, with the exception of the bid price. Additionally, the Company must provide written notice of its intent to fix the deficiency during the second period, which may include implementing a reverse stock split. Nasdaq staff will then determine if the Company is likely to resolve the issue. If the staff believes the deficiency cannot be cured, or if the Company chooses not to apply for the transfer, Nasdaq will issue a delisting notice, which the Company may appeal through a Nasdaq hearing panel.

Furthermore, if the Company’s ordinary shares have a closing bid price of $0.10 or less for ten consecutive trading days during any applicable compliance period, Nasdaq will issue a Staff Delisting Determination in accordance with Rule 5810.

Kandi intends to monitor its share price closely through November 2, 2026. If it appears the Company will not be eligible for an extension or regain compliance as the deadline approaches, the board of directors will evaluate all available options to meet Nasdaq’s requirements.

About Kandi Technologies Group, Inc.

Kandi Technologies Group, Inc. (NASDAQ: KNDI) is a global innovator in intelligent equipment and a technology-driven platform company. It utilizes technological advancements, a global supply chain, and sophisticated manufacturing to evolve industries and broaden real-world applications, making technology more accessible in daily life. Following a “one core, two growth engines” strategy, the Company focuses on all-domain intelligent vehicles, supported by battery swapping equipment and intelligent robotics as strategic pillars. Committed to bringing joy to everyday life, Kandi pursues sustainable growth and shared success through open partnerships, creating lasting industrial value and a respected global brand.

For additional details, please visit ir.kandigroup.com. The Company provides regular updates via its website.

Safe Harbor Statement

This press release contains “forward-looking statements” as defined by law. All statements included here that are not historical facts are considered forward-looking. These statements are often identified by words such as “believes,” “expects,” or similar terms and involve various risks and uncertainties. While the Company believes the expectations in these statements are reasonable, they are based on assumptions that may prove to be incorrect. Actual results may differ materially from those projected due to various factors, including those detailed in the Company’s SEC filings. Kandi does not undertake any obligation to update these forward-looking statements, except as required by securities laws.

For investor and media inquiries, please contact:

Kandi Technologies Group, Inc.
Kewa Luo
Tel: +1 (212) 551-3610
Email: IR@kandigroup.com

Piacente Financial Communications
Brandi Piacente
Tel: +86-10-6508-0677
Email: Kandi@thepiacentegroup.com