Leapmotor Executives Acquire HK$490 Million in H-Shares, Lifting Combined Ownership to 24.71%

Bulletin Express06-04 17:04

Zhejiang Leapmotor Technology Co., Ltd. (“Leapmotor”) disclosed that Chairperson and CEO Mr. Zhu Jiangming and shareholder Mr. Fu Liquan have jointly purchased 11.62 million H-shares on the open market. The average purchase price was HK$41.99 per share, bringing the aggregate transaction value to approximately HK$490.00 million.

Immediately after the increase, Mr. Zhu, Mr. Fu and the Single Largest Shareholders Group to which they belong hold 222.80 million H-shares and 128.52 million domestic shares in total. The enlarged position represents 24.71% of Leapmotor’s issued share capital.

The company stated that the share purchases comply with applicable laws, regulations and the Hong Kong Listing Rules. Leapmotor also reminded shareholders and potential investors to exercise caution when trading the company’s securities.

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