Executive Zhu Jiangming Increases Stake in LEAPMOTOR with 50,700 Shares at HK$33.75 Each

Stock News07-08

According to the latest data from the Hong Kong Stock Exchange, on June 29th, Zhu Jiangming increased his holding in LEAPMOTOR (09863) by 50,700 shares at a price of HK$33.75 per share, with a total transaction value of approximately HK$1.7111 million.

Following this purchase, his latest shareholding stands at approximately 228 million shares, representing a 20.12% stake in the company. This transaction involved a related party, Liu Yunzhen.

Supplementary information indicates that Zhu Jiangming and Liu Yunzhen are spouses. Consequently, Liu is considered to have an interest in the shares disclosed as held by Zhu.

Furthermore, based on a concerted action agreement renewed by Zhu Jiangming and Fu Liquan on March 5, 2025, the two parties have agreed to act in concert by voting uniformly at LEAPMOTOR board and shareholder meetings in accordance with the consensus reached between them. This agreement is valid until September 28, 2028.

Fu Liquan's spouse, Chen Ailing, and the entity she controls, Ningbo Hualing Venture Capital Partnership (Limited Partnership), have consistently acted in concert with Fu and Zhu regarding voting and decisions concerning Chen's interests in LEAPMOTOR. Liu, as Zhu's spouse, has also consistently acted in concert with Zhu and Fu.

Therefore, these four individuals are considered members of a single largest shareholder group in relation to their equity interests in LEAPMOTOR. Accordingly, in addition to their respective direct shareholdings or interests in controlled corporations, each person is also deemed to have an interest in the interests held by the other persons.

Zhu acquired a 48.31% share in Ningbo Gulin Equity Investment Partnership (Limited Partnership) and is considered the controlling person of Ningbo Gulin. The general partner of Ningbo Gulin is Fu Liquan.

Ningbo Jinghang Enterprise Management Partnership (Limited Partnership) serves as an employee incentive platform. Under the incentive scheme, 4,138,950 H shares have been released from lock-up. These shares may be sold on the secondary market at opportune times based on requests from the incentive recipients, with 3 million H shares having been sold on January 5, 2026.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment