According to documents disclosed by the Hong Kong Stock Exchange on June 26th, Cai Fangfang increased her off-market shareholding on June 21st at an average price of 52.7097 yuan (RMB, same below) per share. She increased her shareholding by 140,500 A-share shares, with a total value of about 7.4047 million yuan. After the increase, Cai Fangfang's latest shareholding number is 1.4333 million shares, with a good warehouse ratio of 0.01%.$PING AN (02318.HK)$Additional information: BOX-24: 140,481 shares were awarded to Cai Fangfang at an average price of 52.7097 yuan under the company's key employee share purchase plan, consisting of 31,545 shares, 50,779 shares and 58,157 shares purchased at the prices of 73.13, 47.56 and 46.13, respectively. BOX-27: 815,519 A-shares were granted to Ms. Cai as part of her payroll under the company's long-term service plan. The shares are held by a trust and will be vested upon her retirement subject to certain conditions.
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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.