On June 11th, according to the documents disclosed by the Hong Kong Stock Exchange on June 11th, Huang Xiaodi sold 4 million shares of common stock at an average price of HKD 1.0 per share outside the market on ****, valued at approximately HKD 4 million. After the sale, Huang Xiaodi's latest holding of shares was 39.645 million, and the warehouse-to-wareroom ratio dropped from 36.37% to 33.04%.$DOWWAY (08403.HK)$This transaction involves other related parties: A&B Development Holding Limited and Lin Yuting.
Supplementary information: A&B Development Holding Limited granted Wing Ka Yuen Company Limited an option to purchase up to 12,000,000 option shares from A&B Development Holding Limited at a exercise price of HKD 1.00 per share within 2 years from the date of the option agreement.
HKEXAutoNews_DA20240607E00439.pngWhat is equity disclosure?
According to the requirements of the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of the company's shares) must disclose their shareholding in the listed company. Directors and senior executives of the listed company must disclose their shareholding and equity certificate rights in the listed company and any related companies.
Why is equity disclosure important?
Equity disclosure enables investors to identify (1) individuals who control or have the ability to control the shareholding of the listed company and (2) individuals who may benefit from transactions involving entities related to the listed company.