The Joint Venture Agreement of Establishment of Zhejiang Kandi Electric Vehicles Co., Ltd. by Shanghai Maple Guorun Automobile Co., Ltd., a subsidiary of Geely Automobile Holdings Co., Ltd. (Hong Kong Stock Exchange: 175) and Zhejiang Kandi Vehicles...Joint Venture Agreement • May 14th, 2013 • Kandi Technologies Group, Inc. • Motor vehicles & passenger car bodies
According to the Corporate Law of the People’s Republic of China and other relevant Laws and Regulations, on March 22, 2013, Shanghai Maple Guorun Automobile Co., Ltd. a subsidiary of Geely Automobile Holdings Co., Ltd. (Hong Kong Stock Exchange:175). (hereinafter referred as “Party A”) and Zhejiang Kandi Vehicles Co., Ltd., a subsidiary of Kandi Technologies Group, Inc.(NASDAQ:KNDI) (hereinafter referred as “Party B”), in consideration of the mutual covenant and through friendly negotiation, agreed to enter this agreement to establish a Joint Venture Company (hereinafter referred as “JV company”) in the People’s Republic of China (hereinafter referred as “China”).
