On April 2nd, Ubiquitous announced on the Hong Kong Stock Exchange that its directors, supervisors, and senior management collectively purchased the company’s H shares with their own funds on April 1st. According to the directors, supervisors, and senior management, they have full confidence in the business development and prospects of our company, and believe that the current H-share price does not reflect the value of our group. They fully recognize the long-term value of our group. Subject to compliance with applicable laws and regulatory requirements, they may further increase their holdings in the Company at an appropriate time. Within 12 months after this announcement, it is expected that the total amount of H shares purchased will not exceed 50 million RMB.
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