ITEM 4.01 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On October 11, 2021, Kandi Technologies Group, Inc., a corporation incorporated
under the laws of the State of Delaware (the "Company") elected not to continue
the engagement of Marcum Bernstein & Pinchuk LLP ("MBP") serving as the
Company's independent registered public accounting firm. The termination of the
engagement of MBP was approved by the Company's audit committee.
The reports of MBP on the financial statements of the Company as of and for the
fiscal years ended December 31, 2020 and 2019 did not contain any adverse
opinion or disclaimer of opinion and was not qualified or modified as to
uncertainty, audit scope or accounting principles.
During the Company's two most recent fiscal years and the subsequent interim
period through October 11, 2021, there were no disagreements with MBP on any
matter of accounting principles or practices, financial statement disclosure, or
auditing scope or procedure, which disagreement(s), if not resolved to the
satisfaction of MBP, would have caused it to make reference to the subject
matter of the disagreement(s) in connection with its report. During the
Company's two most recent fiscal years and the subsequent interim period through
October 11, 2021, there were no reportable events of the type described in Item
304(a)(1)(v) of Regulation S-K.
The Company provided MBP with a copy of the foregoing disclosure and requested
MBP to furnish the Company with a letter addressed to the Securities and
Exchange Commission stating whether it agrees with the statements made therein.
A copy of such letter furnished by MBP is filed as Exhibit 16.1 to this Form
8-K.
On October 11, 2021, the Company's audit committee approved the engagement of
Benjamin & Ko ("Benjamin") as the Company's new independent registered public
accounting firm.
During the Company's two most recent fiscal years and the subsequent interim
period through October 11, 2021, neither the Company nor anyone on its behalf
consulted with Benjamin regarding (i) the application of accounting principles
to a specified transaction, either completed or proposed; the type of audit
opinion that might be rendered on the Company's financial statements, and
neither a written report nor oral advice was provided that Benjamin concluded
was an important factor considered by the Company in reaching a decision as to
the accounting, auditing or financial reporting issue; or (ii) any matter that
was either the subject of a disagreement (as defined in Item 304(a)(1)(iv) of
Regulation S-K and its related instructions) or a reportable event (as described
in Item 304(a)(1)(v) of Regulation S-K).
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
Exhibit No. Description
16.1 Letter from Marcum Bernstein & Pinchuk LLP dated October 15, 2021
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