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Jiang Peng, secretary of Midea's group, plans to reduce his holdings, responding that he is "repaying the loan for exercising rights"

author:36 Krypton

Midea Group announced on the evening of May 30 that Jiang Peng, the secretary of the company's board of directors, plans to reduce its holding of no more than 25% of the total number of shares in the company held by him in a centralized auction within 6 months, that is, 153,000 shares. Jiang Peng said that this is mainly to return the borrowing of exercise funds, which is a routine operation. The announcement also said that the reason for Jiang Peng's reduction of holdings was: "to repay external financing loans such as individuals due to equity incentive exercises". As of yesterday, Jiang Peng held 611,300 shares of Midea Group, which is "equity incentive exercise income". (CBN)

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