Shanghai, September 5, 2024 – ST Ebuy (002024) announced on the evening of September 5 that the share purchase plan of some directors, senior management, and core business personnel has been successfully implemented. As of September 5, the plan has cumulatively purchased 4.067 million shares of the company, with an aggregate purchase amount of 5.1195 million yuan, accounting for 0.044% of the total share capital of the company.
The company stated that the implementation of this share purchase plan will not cause the company’s equity distribution to fail to meet the listing requirements, nor will it lead to a change in the company’s status as having no controlling shareholder or actual controller.
The share purchase plan was part of ST Ebuy’s efforts to stabilize investor confidence and demonstrate its commitment to long-term development. According to the company, the purchased shares will be held for a long-term investment, reflecting the management team’s belief in the company’s future prospects.
The participating directors, senior management, and core business personnel collectively contributed to the plan, showcasing their confidence in the company’s future performance and potential. The purchase of shares is a clear sign of their commitment to the company’s success and the interests of its shareholders.
The purchase of 4.067 million shares at a total cost of 5.1195 million yuan represents a significant commitment from the company’s leadership and key personnel. This action is likely to be well-received by investors, as it demonstrates the management’s belief in the company’s future prospects and reinforces the company’s position in the market.
The implementation of the share purchase plan comes at a time when the company is facing challenges in the market. However, the commitment from the company’s leadership and key personnel is expected to boost investor confidence and stabilize the company’s share price.
The company’s management team has expressed its confidence in the company’s long-term growth prospects and its commitment to delivering value to shareholders. The share purchase plan is a clear indication of the management’s belief in the company’s future success and its willingness to take action to support the company’s growth.
In conclusion, the successful implementation of ST Ebuy’s share purchase plan is a positive development for the company. It demonstrates the management’s commitment to the company’s future success and reinforces the company’s position in the market. The purchase of shares by directors, senior management, and core business personnel is a significant vote of confidence in the company’s prospects and is likely to boost investor confidence and support the company’s growth.
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