According to a news release from Zhitong Finance APP, PATEO (02889) announced that in order to further demonstrate the firm confidence of its directors and senior management in the group's long-term business development and intrinsic value, and to stabilize investor expectations, executive directors Ying Zhenkai, Zhang Fukai, Xu Zhenhui, Lai Weilin, and employee director Zhang Yi have made written voluntary lock-up commitments to the company.
These individuals have committed that within 12 months from the date of the announcement, they will not sell, transfer, or dispose of shares beneficially owned by them or held through employee incentive platforms, or create any other encumbrances affecting their interests in such shares, by any means including but not limited to secondary market sales, block trades, off-market negotiated transfers, pledges, establishment of trusts, equity swaps, or derivative transactions.
Among them, Executive Director and Chairman Ying Zhenkai beneficially holds approximately 32.2956 million domestic shares and 204,640 H shares, and holds partnership interests in 7 employee incentive platforms; the other commitment makers also directly hold shares or hold partnership interests in relevant employee incentive platforms.
Comments