Huize announces management share purchase plan to demonstrate confidence in the prospects for its business

Shenzhen, china, aug. 17, 2021 (globe newswire) -- huize holding limited, (“huize”, the “company” or “we”) (nasdaq: huiz), a leading digital insurance product and service platform for new generation consumers in china, today announced that its board of directors (“the board”) has approved the management share purchase plan, pursuant to which mr. cunjun ma, the company's chairman of the board and chief executive officer, and certain other members of the company's management team intend to allocate their personal funds to purchase up to an aggregate of us$5 million worth of the company's adss during a six-month period following today, pursuant and subject to applicable laws and the company's securities trading policy. the management share purchase may be made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. the management team has agreed to be subject to lock-up restrictions for a period of six months with respect to the proposed purchased shares.
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