Their total shares acquired amounted to 3,243,500 H shares at an average price of HK$63.19 ($8.21) per share, involving a total value of approximately HK$200 million ($26.0 million).
On October 20, Leapmotor announced on the Hong Kong Stock Exchange that company shareholders, Chairman and CEO Zhu Jiangming, together with shareholder Fu Liquan, had increased their holdings of the company’s H shares on the market.
The total shares acquired amounted to 3,243,500 H shares at an average price of HK$63.19 ($8.21) per share, involving a total value of approximately HK$200 million ($26.0 million).
Following this acquisition, as of the announcement date, Zhu Jiangming, Fu Liquan, and their affiliated major shareholder group collectively hold 206,949,938 H shares and 128,517,839 domestic shares, accounting for 23.59% of the company’s total issued shares.
It is noteworthy that in April this year, Zhu Jiangming and Fu Liquan had previously increased their H share holdings by 6,809,600 shares at an average price of HK$46.45 ($6.04) per share. After that acquisition, their total holdings accounted for 24.99% of the company’s total share capital.
Leapmotor has shown consistent improvement in both performance and sales in recent years. According to its 2025 interim report released in August, the ten-year-old automaker achieved a positive net profit for the first time in a half-year period ($4.2 million), with a gross margin rising to 14.1%, making it the second profitable “new energy” automaker in China.
Data shows that in the first three quarters of 2025, Leapmotor delivered nearly 400,000 vehicles, topping the new energy vehicle sales chart for seven consecutive months.
In September, total deliveries reached 66,657 units, a year-on-year increase of over 97%, surpassing 60,000 units for the first time.
Additionally, on September 25, Leapmotor announced the rolling off of its 1 millionth vehicle, becoming the second Chinese new energy automaker after Li Auto to reach this milestone.
Boosted by the stake increase announcement, Leapmotor’s Hong Kong shares closed up 6.19% on October 20.
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