Cosmo Lady (02298.HK) announced on September 27th that the company was informed by Ms. Wu Xiaoli, an executive director of the company, that she had purchased a total of 1.07 million shares of the company's common stock at an average price of approximately HK$0.254 per share in the period from September 25th to September 27th, 2024. These shares represent approximately 0.05% of the total issued share capital of the company as of the date of this announcement.
Ms. Wu is the spouse of Mr. Zheng Yaonan, the company's major shareholder, chairman of the board of directors, and executive director. Therefore, Mr. Zheng is considered to have an interest in the shares held by Ms. Wu.
The company believes that Ms. Wu's recent increase in shareholding indicates her confidence in the outlook for the company and its subsidiaries.
