Summary by Moomoo AI
JINMAO CHINA ANNOUNCED ON 9 APRIL 2024 THAT THE COMPANY'S DIRECTORS AND MANAGEMENT HAD ACQUIRED A TOTAL OF APPROXIMATELY 2678 MILLION SHARES OF ORDINARY SHARES OF THE COMPANY FROM 28 MARCH TO 9 APRIL 2024, REFLECTING CONFIDENCE IN THE COMPANY'S FUTURE DEVELOPMENT AND THE LONG-TERM INVESTMENT VALUE OF THE RECOGNISED SHARES. THE ACQUISITION PLAN WAS PREVIOUSLY ANNOUNCED ON MARCH 1 AND IS LED BY MR. ZHANG ZENGEN, CHAIRMAN OF THE BOARD, INCLUDING SENIOR EXECUTIVES AND NON-EXECUTIVE DIRECTORS. THE COMPANY EXPRESSLY STATED THAT IT DID NOT PARTICIPATE IN THIS SHARE PURCHASE NOR DID IT PROVIDE FINANCIAL SUPPORT FOR THE ACCRETION PROGRAM.