BRAINAURORA-B (06681) has announced that its Board of Directors was informed by Mr. Tan Zheng, the company's controlling shareholder, Executive Director, and Board Chairman, of his intention to increase his stake in the company. Based on his firm confidence in the company's long-term development and his strong support for the Group's long-term value and prospects, Mr. Tan plans to use his own funds to purchase additional company shares. The purchases will be made either directly or through entities under his control on the open market within a six-month period commencing from the date of this announcement. The total amount of the share purchase will not exceed HKD 80 million, with a price per share not exceeding HKD 7. As of the date of this announcement, Mr. Tan Zheng, together with his concert parties, is deemed to be interested in 459 million company shares, representing approximately 33.83% of the company's total issued share capital. Based on information available to the company and to the best of the Directors' knowledge and belief, should the share purchase plan be implemented, the company will continue to maintain a sufficient public float for its issued shares in compliance with the Listing Rules. The Board of Directors believes that this share purchase plan demonstrates Mr. Tan Zheng's long-term commitment and firm confidence in the company's sustained development, as well as his strong support for the Group's long-term value and prospects.
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