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Li Ning (02331.HK) was off-market increased by 12,466,500 ordinary shares held by Li Ning and related parties, valued at approximately HKD 208 million.

Futu News ·  Nov 4 17:06

According to a report on November 4, based on documents disclosed by the Hong Kong Stock Exchange on November 4, Li Ning purchased an additional 12,466,500 ordinary shares over-the-counter at an average price of HKD 16.6701 per share.$LI NING (02331.HK)$The transaction is valued at approximately HKD 208 million. After the purchase, Li Ning's total shareholding increased to 351 million shares, with his long position rising from 13.08% to 13.56%.

This transaction involves other related parties: Li Jin, Viva Goods Company Limited, and Li Qilin.

Supplementary information: 1. (Box 28) 4108 - Restricted Shares and Share Options

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What is equity disclosure?

In accordance with the requirements of the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of shares) must disclose their equity interests in listed companies. Directors and senior administrative personnel of listed companies are required to disclose their equity and debt securities interests in the listed company and its related entities.

Why is equity disclosure important?

Equity disclosure enables investors to identify (1) individuals who control or have the ability to control equity interests in listed companies, and (2) individuals who may benefit from transactions involving entities related to the listed company.

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