It was reported on May 13 that according to documents disclosed by the Hong Kong Stock Exchange on May 13, Han Linyou sold each share at an average price of 42.5 yuan (RMB, same unit) on May 7$NONGFU SPRING (09633.HK)$27,200 H shares worth about 1.156 million yuan. After the sale, Han Linyu's latest shareholding was 168 shares, and the good position ratio was 0.00%.
Additional information: On the filing date, Han Linyou was one of the beneficiaries of the Nongfu Spring Co., Ltd. (“Company”) employee equity incentive plan trust and had interests in the Company's 168 H shares. Such rights were based on the number of H shares granted by the Company under the Employee Equity Incentive Plan and attributed to the incentive shares of the Company.What is disclosure of interests?
As required by the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of the shares) are required to disclose their share interests in listed companies. The directors and top executives of a listed company must disclose their interest in shares and debentures of the listed company and the company linked to the listed company.
Why is disclosure of interests important?
Disclosure of interests allows investors to identify (1) persons who control or are capable of controlling the stock interests of listed companies, and (2) persons who may benefit from transactions involving linked entities of listed companies.