On July 15, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on July 15, Lin Lijun increased his holdings at an average price of HK$22.8279 per share on July 8$HENLIUS (02696.HK)$1.1125 million H shares worth approximately HK$25.396 million. After the increase in holdings, Lin Lijun's latest shareholding was 9.1557 million shares, and the good position ratio increased from 4.92% to 5.60%.
Additional information: Due to errors in the previous filing form (IS20240711E00048) for the average price in square 1 and square 14, box 1 and box 14 are corrected here.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.