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XPeng | 144: Notice of proposed sale of securities pursuant to Rule 144

SEC announcement ·  Mar 20 21:12
Summary by Futu AI
In a significant move within the automotive industry, Taobao China Holding Limited, a principal shareholder of XPeng Inc., is set to sell a substantial number of shares. The transaction involves 33,000,000 American Depositary Shares (ADS), each representing two Class A ordinary shares of XPeng, with an aggregate market value of approximately $313.995 million. This sale is scheduled to occur on March 20, 2024. These shares were originally acquired by Taobao China Holding Limited on September 12, 2019, as a pre-IPO investment, purchased directly from XPeng Inc. for cash. There have been no other reported sales of securities by the shareholder in the past three months.
In a significant move within the automotive industry, Taobao China Holding Limited, a principal shareholder of XPeng Inc., is set to sell a substantial number of shares. The transaction involves 33,000,000 American Depositary Shares (ADS), each representing two Class A ordinary shares of XPeng, with an aggregate market value of approximately $313.995 million. This sale is scheduled to occur on March 20, 2024. These shares were originally acquired by Taobao China Holding Limited on September 12, 2019, as a pre-IPO investment, purchased directly from XPeng Inc. for cash. There have been no other reported sales of securities by the shareholder in the past three months.
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