【9863】Leap Motor receives a $230 million buyback from CEO and others

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Leapmotor    (09863) Bought shares as an increase by shareholders. Leapmotor announced that, based on strong confidence in the company’s future development, in order to promote the company’s continuous, stable, and healthy development, and to safeguard the interests of public investors, in the near term the company’s shareholders, Chairman and Chief Executive Officer Zhu Jiangming, and company shareholder Fu Liquan jointly purchased 5.08 million H shares in the market in total at an average price of approximately HK$45.1 per share, with a total increase amount of approximately HK$230 million.

Immediately following this share increase, Zhu Jiangming and Fu Liquan, together with the company’s single largest shareholder group they belong to, jointly hold 210 million H shares and nearly 130 million domestic shares, accounting for 23.9% of the total number of shares in issue of the company.

Source: Leapmotor Company announcement

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