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    Arthur Porcari • Corporate Strategies

    No evidence could be found that Arthur Porcari works as an analyst at Corporate Strategies or holds any analyst position with a documented coverage universe, performance record, or professional credentials. Searches of LinkedIn and analyst tracking platforms do not return a profile or background for Arthur Porcari at Corporate Strategies or in any related financial services firm. Consequently, there is no information available about companies he covers, his performance as an analyst, professional registrations, or a career timeline.

    Arthur Porcari's questions to Kandi Technologies Group Inc (KNDI) leadership

    Arthur Porcari's questions to Kandi Technologies Group Inc (KNDI) leadership • Q3 2024

    Question

    Arthur Porcari challenged management's request to authorize 10 million new shares for a stock option plan while the stock is at a 15-year low. He strongly advocated for a 10 million share tender offer to boost the stock price and shareholder value, asking if the new management would finally adopt "Wall Street ways" and hire U.S. advisors.

    Answer

    CEO Feng Chen defended the equity incentive plan as necessary for talent retention and acknowledged investor expectations for a share buyback. He stated that management is comprehensively evaluating all options, including a tender offer, based on market conditions and capital efficiency, and will act in the best interest of shareholders when the time is right.

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    Arthur Porcari's questions to Kandi Technologies Group Inc (KNDI) leadership • Q3 2024

    Question

    Questioned the company's request for 10 million new shares for a stock option plan while the stock is at a 15-year low. He strongly advocated for a stock tender offer (buyback) to boost the stock price and asked if management will finally pay attention to Wall Street practices and hire U.S. advisors.

    Answer

    Management defended the equity incentive plan as a tool to attract and retain talent, balanced with the share buyback program. They acknowledged investor desire for a tender offer and stated they are comprehensively evaluating the optimal solution based on market conditions, long-term strategy, and capital efficiency.

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    Arthur Porcari's questions to Kandi Technologies Group Inc (KNDI) leadership • Q2 2024

    Question

    Asked for management's opinion on why Lowe's chose Kandi for the exclusive NFL sponsorship deal, whether the deal could be expanded to include different types of carts for fleet sales, and sought to confirm the replacement value of Kandi's manufacturing facilities. He concluded with comments on the stock's undervaluation and the positive outlook for the third quarter.

    Answer

    Management attributed the Lowe's partnership to a rigorous vetting process where Kandi's quality, value, and the trust they've built were key factors. The current NFL deal is for a 4-passenger cart, but they are open to discussing expansion if the program is successful. They confirmed that replicating their facilities would cost more than $300 million but noted a direct replication is not economically practical. The company did not directly comment on the Q3 outlook.

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    Arthur Porcari's questions to Kandi Technologies Group Inc (KNDI) leadership • Q2 2024

    Question

    Arthur Porcari of Corporate Strategies highlighted Kandi's strong relationship with Lowe's and asked for management's opinion on why Lowe's selected Kandi for the exclusive, multi-year NFL sponsorship deal. He also inquired if there were plans to offer golf-course-compatible versions of the NFL carts for fleet sales. Mr. Porcari revisited the topic of the replacement value of Kandi's manufacturing facilities, suggesting a value over $300 million, and concluded by urging management to address the stock's severe undervaluation, especially given the major business developments.

    Answer

    Owen Rice, CEO of Northern Group, attributed Lowe's decision to Kandi's rigorous vetting process, product quality, value proposition, and the high level of trust built with the retailer. Regarding the NFL carts, he confirmed the current agreement is for a 4-passenger model but stated that expanding the program to other models could be considered if it proves successful. CEO Xueqin Dong confirmed that replicating their manufacturing facilities would indeed cost more than $300 million, but noted it was a complex calculation. Management acknowledged the comments on the stock's valuation and the positive outlook for the third quarter with the launch of the Lowe's NFL program.

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    Arthur Porcari's questions to Kandi Technologies Group Inc (KNDI) leadership • Q1 2024

    Question

    The analyst voiced strong criticism of the company's lack of communication and IR strategy, then asked about the risk of a hostile takeover, the refusal to provide financial guidance, the effectiveness of the share buyback program, and details on new product lines like water sports.

    Answer

    The company stated they would take suggestions under consideration regarding communication, guidance, and a potential tender offer for shares. They clarified they use one primary IR firm and are following a 'do more, talk less' strategy. They also revealed they are developing a new, patented, single-person electric boat/yacht product.

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    Arthur Porcari's questions to Kandi Technologies Group Inc (KNDI) leadership • Q1 2024

    Question

    Arthur Porcari of Corporate Strategies raised multiple concerns regarding shareholder value, questioning the lack of press releases, the effectiveness of IR firms, the refusal to provide formal guidance, and the risk of a hostile takeover. He also asked for details on the new water sports product line and the identity of other big-box retail partners.

    Answer

    Chairman Xiaoming Hu acknowledged the concerns, stating the company adheres to a 'do more and talk less' strategy during its strategic adjustment period but will become more proactive in its IR approach. He also confirmed the company is developing a patented, single-person, boat-style electric water sports vehicle, distinct from a jet ski. Management also noted that details on new retail partners would be disclosed gradually on the Kandi America website.

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