According to documents disclosed by the Hong Kong Stock Exchange on November 28, Zhang Qingjin increased his shareholding on November 26 at an average price of 4.02 Hong Kong dollars per share.$CHINA XLX FERT (01866.HK)$270,000 ordinary shares, worth approximately 1.0854 million Hong Kong dollars. After the increase, Zhang Qingjin's latest shareholding number is 1.63 million shares, with the good warehouse ratio rising from 0.11% to 0.13%.
Supplementary Information: Box 28: shares to be issued upon vesting of share awards granted under Share Award Plan on 7 Jun 2024.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.