Botai Auto Federation (02889) directors and executives made a 12-month voluntary sales ban promise to boost market confidence

Zhitong Finance App News, Botai Auto Federation (02889) announced that in order to further demonstrate the firm confidence of directors and senior management in the Group's long-term business development and intrinsic value and stabilize investor expectations, executive directors should Zhenkai, Zhang Fukai, Xu Zhenhui, Lai Weilin, and employee director Zhang Yi made written voluntary sales ban promises to the company.

The above parties promise not to sell, transfer, dispose of shares actually owned by interest or held through employee incentive platforms or create any other rights and liabilities affecting their rights in any way (including but not limited to secondary market sales, bulk transactions, OTC agreement transfers, pledges, trust creation, share swaps or derivatives transactions, etc.) within 12 months from the date of announcement.

Among them, Executive Director and Chairman Ying Zhenkai Shiyi holds about 32.2956 million domestic shares and 204.64 million H shares, and holds partnership interests in 7 employee incentive platforms; the rest of the undertakers also directly hold shares or hold partnership shares in related employee incentive platforms.