We study the coherent excitations of a composite fermion operator fiσ(−1) n iσ , where fiσ is the fermion operator for interacting electrons and niσ is the number operator of electrons with the opposite spin. In the two-impurity Anderson model, we show that the excitation of this composite fermion has a finite spectral weight near the Fermi energy in the regime dominated by inter-site spin exchange coupling where the Kondo fixed point is prevented. From scattering off this coherent composite fermion mode, the excitation of the regular fermion fiσ develops a pseudogap and its selfenergy is singular. Conversely, when the regular fermion develops Kondo-resonance in the Kondo regime, the excitation of the composite fermion develops a pseudogap instead. We argue that the composite fermion could develop a Fermi surface but "hidden" from charge excitations in lattice generalizations.