Summary by Moomoo AI
SAI PHARMACEUTICALS DISCLOSED ON 17 APRIL 2024 THAT ITS EXECUTIVE OFFICER ZHAO HUNG CONDUCTED A SECURITIES TRANSACTION UNDER RULE 22 OF THE HONG KONG CODE OF COMPANIES ACQUISITIONS AND MERGERS. The transaction involves the privatization by arrangement of agreements. On April 5, 2024, Zhao Hong purchased 300,000 shares at a price of $0.0000 per share and a post-transaction holding of 12,779,690 shares. Of these, Convergence International Holdings Ltd. holds 11,979,690 shares and Zhao Hong personally holds 800,000 shares. This share award is based on the limited share unit plan adopted by the Company following its initial public offering. At the close of the transaction, Zhao Hong's shares accounted for 2.0356% of the securities in the class.