The Board of Directors of Kandi Technologies, Corp (NasdaqGM:KNDI) authorized a share repurchase program on July 19, 2011. Under the program, the company is authorized to repurchase up to $5 million of its common shares. The shares may be purchased from time to time at prevailing prices in the open market, by block purchases, and subject to market restrictions and market conditions relating to volume, price and timing. Repurchases will be funded from its available cash balance. The repurchase of shares will be done in compliance with applicable federal securities regulations, including Rule 10b-18. The program will continue till the next 18 months. Till September 30, 2011, no repurchases were made.

Kandi Technologies, Corp's share repurchase program expired on January 19, 2013.