Qiao Xiong International (00381) received additional shares from directors Yang Ling and Li Lizhong

According to Zhitong Finance App, Qiao Xiong International (00381) announced that on October 14, 2024, Mr. Yang Ling, the executive director and chairman of the company, purchased a total of 10 million shares of the Company's common shares (shares) through OTC transactions. The average price is approximately HK$0.78 per share, accounting for about 1.27% of the Company's total issued shares.

The board of directors further announced that on October 14, 2024, Mr. Li Lizhong (Mr. Li), executive director and co-chairman of the Company, Mr. Lee purchased a total of 42 million shares of the Company's common shares (shares) through OTC transactions at an average price of approximately HK$0.78 per share, accounting for approximately 5.32% of the Company's total issued shares. Following the purchase, Mr. Li Shiyi owned a total of 56 million shares. At the date of this announcement, it accounted for approximately 7.09% of the total issued shares of the Company.

According to Mr. Yang and Mr. Lee, they have full confidence in the Group's business prospects and prospects. In line with applicable legal and regulatory requirements, Mr. Yang and Mr. Li do not rule out the possibility that they will further increase their holdings of the Company in due course.