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UBTECH: Company executives collectively buy company stock and will further increase their holdings at the right time.
Jin10 Data April 2 news, UBTECH (09880.HK) announced today that the company's directors, supervisors, and senior management collectively purchased H-shares of the company with their own funds on April 1. According to the directors, supervisors, and senior management, they are full of confidence in the business development and prospects of the company, believing that the current H-share price does not reflect the value of the group. They fully recognize the long-term value of the group. In compliance with applicable laws and regulatory requirements, they may further increase their holdings in the company's shares at an appropriate time. Within 12 months after the announcement, the total amount of H-shares expected to be purchased will not exceed 50 million RMB.