The Zhitong Finance App learned that Botai Auto Union (02889) opened more than 4% higher. As of press release, it rose 4.06% to HK$56.4, with a turnover of HK$606,900.

According to the news, on October 13, Botai Auto Federation issued an announcement. In order to further demonstrate the firm confidence of the directors and senior management in the Group's long-term business development and intrinsic value and stabilize investor expectations, executive directors Ying Zhenkai, Zhang Fukai, Xu Zhenhui, Lai Weilin, and employee director Zhang Yi made a written voluntary sales ban commitment to the company.

The above parties undertake not to sell, transfer, or dispose of shares actually owned by interest or held through employee incentive platforms within 12 months from the date of announcement (including but not limited to secondary market sales, bulk transactions, OTC agreement transfers, pledges, establishment of trusts, share swaps or derivatives transactions, etc.) or create any other rights and liabilities affecting the rights and interests they hold on such shares.

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