Report by Smart Insider
Jun Li (GM) and Xiangjun Chen (Chairman) have sold a total of 2.8m shares at CNY9.35 - while these trades are modest relative to their holding (both own 10% of the company), they are rare enough to be a concern, especially at this price level. Li started to sell shares at CNY8.79 in Sept and is now selling an additional 1.4m shares. Chen's last sale goes back to Dec 2020 when he sold 1.6m shares at CNY21.32 and he is now selling at a price 2x lower.