Summary by Moomoo AI
On August 16, 2024, Shang Tang Group Co., Ltd. ("Shang Tang") announced that its subsidiary, SenseTalent Management Limited ("SenseTalent"), had transferred class B shares to four directors, including Dr. Xu Li, Dr. Wang Xiaogang, Mr. Xu Bing and Dr. Lin Dahua, on August 15, 2024. This transfer was the result of the complete and comprehensive exercise of options granted to these directors under the pre-listing employee incentive plan adopted on November 1, 2016. After the transfer, SenseTalent's proportion of class B shares held decreased to approximately 6.15%, while the beneficial holdings of the four directors remained unchanged. In addition, Dr. Xu Li, Dr. Wang Xiaogang, and Mr. Xu Bing's voluntary lock-up commitments on class A and/or class B shares remain unchanged, and they have not sold any shares since the listing of class B shares.