According to the Zhītōng Finance app, Kiu Hung Int'l (00381) announced that on October 14, 2024, the company's executive director and chairman, Mr. Yang Ling, purchased a total of 10 million shares of the company's common stock in OTC trading at an average price of approximately HKD 0.78 per share, representing approximately 1.27% of the company's total issued shares.

The board of directors further announced that following a notification from the company's executive director and co-chairman, Mr. Li Lizhong (Mr. Li), on October 14, 2024, Mr. Li purchased a total of 42 million shares of the company's common stock in OTC trading at an average price of approximately HKD 0.78 per share, representing approximately 5.32% of the company's total issued shares. Following the purchase, Mr. Li beneficially owns a total of 56 million shares. As of the date of this announcement, this represents approximately 7.09% of the company's total issued shares.

According to information provided by Mr. Yang and Mr. Li, they are both confident in the business prospects and outlook of this group. Subject to applicable legal and regulatory requirements, Mr. Yang and Mr. Li do not rule out the possibility of further increasing their shareholding in the company at an appropriate time.