XPENG-W Chairman and controlling shareholder He Xiaopeng increases his stake in the company
XPENG-W announced that its chairman and controlling shareholder, He Xiaopeng, will increase his holdings in the company by a total of 2.4199 million shares on the open market from August 21 to 23, 2024, including 1 million Class A common shares and 1.4199 million American depositary shares. The board of directors stated that this increase reflects He Xiaopeng's confidence in the company's future growth and long-term commitment, and he also plans to further increase his shareholding in the future
According to the news from Zhitong Finance and Economics APP, XPENG-W (09868) announced that the Board of Directors received notification from Mr. He Xiaopeng, the company's co-founder, executive director, chairman, CEO, and controlling shareholder, that from August 21, 2024 to August 23, 2024, Mr. He has (i) purchased a total of 1 million shares of Class A common stock of the company on the open market at an average price of HKD 27.13 per share, and (ii) purchased a total of 1.4199 million American depositary shares of the company through Galaxy Dynasty Limited, a wholly-owned subsidiary, at an average price of USD 7.02 per ADS.
The Board of Directors believes that the acquisition demonstrates Mr. He's confidence in the company's prospects and growth potential, as well as his long-term commitment to the company. Mr. He has also informed the company that, subject to compliance with applicable laws and regulations, he plans to further increase his shareholding in the company