Changes in Hong Kong stocks | Botai Auto Union (02889) rose more than 10% at the end of the session. Directors and executives voluntarily promised to ban sales. The company and Jeep reached a global supply cooperation

The Zhitong Finance App learned that Botai Auto Federation (02889) rose more than 10% at the end of the session. As of press release, it rose 8.43% to HK$47.06, with a turnover of HK$235.704 million.

According to the news, Botai Auto Federation issued an announcement. In order to further demonstrate the firm confidence of the directors and senior management in the long-term business development and intrinsic value of the Group and stabilize investor expectations, executive directors Ying Zhenkai, Zhang Fukai, Xu Zhenhui, Lai Weilin, and employee director Zhang Yi made a written voluntary anti-sale commitment to the company. Within 12 months from the date of announcement, they will not sell, transfer, dispose of shares actually owned or held through the employee incentive platform in any way or set any other rights burden affecting their rights and interests.

It is worth noting that Botai Auto Federation has recently reached a global supply cooperation with Jeep to target high-end smart cockpit domain controllers and AI in-vehicle interaction system services for its two major brands. It will cover overseas core markets such as Europe, the Middle East, and South America to help mainstream brands under the Stellantis Group accelerate global intelligent transformation.