1.Name of the securities:LAZR common shares
2.Trading date:2023/05/09~2024/01/22
3.Amount, unit price, and total monetary amount of the transaction:
Amount:3,239,000 shares; average unit price USD 4.42 per share;
total monetary amount of the transaction USD 14,306 thousands
4.Gain (or loss) through disposal (not applicable in case of acquisition of
securities):
Loss USD 5,290 thousands
5.Relationship with the underlying company of the trade:
None.
6.Current cumulative amount held, monetary amount, and shareholding
percentage of cumulative holdings of the securities being traded (including
the current trade), and status of any restriction of rights (e.g.pledges):
Current cumulative amount held: 1,652,984 shares
Monetary amount: USD 3,653 thousands,
which is calculated by using the closing price of 2024/1/19,
US$2.21 per share
Shareholding percentage of cumulative holdings of the security being
traded:0.41%
Any restriction of rights:
Pursuant to Rule 144 under the Securities Act, 1,652,892 shares are still not
eligible for trading.
7.Current ratio of securities investment (including the current trade, as
listed in article 3 of Regulations Governing the Acquisition and Disposal of
Assets by Public Companies) to the total assets and equity attributable to
owners of the parent as shown in the most recent financial statement and
working capital as shown in the most recent financial statement as of the
present:
Ratio to total assets: NA
Ratio to owners’equity: 0.29%
Working capital:NA
8.Concrete purpose of the acquisition or disposal:
To deliver the hedging options exercised
9.Any dissenting opinions of directors to the present transaction:NA
10.Whether the counterparty of the current transaction is a related party:No
11.Trading counterparty and its relationship with the Company:NA
12.Date of the board of directors resolution:NA
13.Date of ratification by supervisors or approval by
the audit committee:NA
14.Any other matters that need to be specified:
1.The disposal gain (or loss) is calculated based on the acquisition cost
of US$6.05 per share, as announced on 2023/5/10.
2.The company do options and stocks deals to hedge against the share price
volatility. As for now, the net settlement of all the hedging deals is
selling 1,652,800 shares, with a loss of USD1,210 thousand approximately.
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