President of Ideal Motors reduced his holdings twice in September

According to information disclosed by the Hong Kong Stock Exchange on September 12, Shen Yanan, the co-founder, and president of Ideal Auto, reduced his holdings of 600,000 shares of Ideal Auto on September 6, cashing out 7.875 million US dollars (approximately RMB 54.52 million), after the reduction of his holdings, his ideal shares dropped to 29 million shares, and his shareholding ratio dropped from 1.71% to 1.68%.

Judging from the information disclosed on the official website of the Hong Kong Stock Exchange, the reduction of 600,000 shares on September 6 is the second time he has reduced his holdings this month. On September 2, he has already reduced his holdings by 400,000 shares, cashing out US$5.2888 million. (approximately RMB 36.61 million).

The two sell-offs on September 2 and 6 accumulated a total of 1 million shares, cashing out a total of 13.1638 million US dollars (about 91.13 million yuan).

As the co-founder and president of Ideal Auto, Shen Yanan once held more than 30 million shares. According to the data disclosed by the Hong Kong Stock Exchange, since June 12 last year, Shen Yanan has reduced his holdings of Ideal Auto shares many times, accumulatively reducing his holdings of 3 million Li Auto shares, and his shares have dropped from 32 million shares to 29 million shares. The shareholding ratio decreased from 1.87% to 1.68%.

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