According to the document disclosed by Hong Kong Stock Exchange on June 13, Yan Zhen increased his shareholding off-market on June 6 with an average price of HKD 0.215 per share, for a total of 30.23 million ordinary shares with a value of about HKD 6.5 million. After the increase, Yan Zhen's latest holding of shares is 30.23 million shares, and the warehouse-to-house ratio has increased from 0.00% to 5.53%.$ZHONG JI LS (00767.HK)$Supplementary information: On June 6, 2024, Zhong Ji Longevity Science Group Limited successfully placed a total of 91,088,258 subscription shares at a subscription price of HKD 0.215 per share to Subscriber A, Subscriber B, and Subscriber C. On the same day, Zhong Ji Longevity Science Group Limited placed 30,232,558 subscription shares at a subscription price of HKD 0.215 per share to Yan Zhen (Subscriber A), whose latest holding of shares is 30.23 million shares.
What 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.