Leapmotor Executives Acquire HK$230 Million in H Shares, Lifting Combined Stake to 23.89%

Bulletin Express04-01

Zhejiang Leapmotor Technology Co., Ltd. announced that Chairperson and CEO Zhu Jiangming together with shareholder Fu Liquan have acquired a total of 5.08 million H shares on the open market. The average purchase price was approximately HK$45.10 per share, translating into an aggregate consideration of about HK$230.00 million.

Following the transaction, Zhu Jiangming, Fu Liquan and the Single Largest Shareholders Group now control 211.18 million H shares and 128.52 million domestic shares, representing 23.89% of Leapmotor’s total issued share capital.

The company stated that the share increase complies with relevant laws, regulations and the Hong Kong Listing Rules. Leapmotor reiterated that shareholders and potential investors should exercise caution when trading its securities.

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