Group 1 - The core announcement is that Mr. Dong Zhang, a co-founder of High-Trend International Group, has made a significant equity investment by acquiring 1,699,618 Class A ordinary shares at a total price of US$4,452,999, which equates to $2.62 per share [1][2] - This investment demonstrates Mr. Zhang's strong confidence in the company's strategic direction and operational resilience, indicating a belief in the company's future value creation potential [2][3] - The shares acquired will be subject to a 36-month lock-up period, preventing any sale or transfer during this time, and the proceeds from this investment will be used for general working capital purposes [2][3] Group 2 - The transaction was unanimously approved by the Company's Board of Directors, reflecting a collective endorsement of the investment and its implications for the company's future [2] - The CEO of High-Trend emphasized that this investment signifies a deep commitment from a key shareholder towards the company's vision and strategic initiatives, which are expected to drive value for all stakeholders [3] - High-Trend International Group is identified as an international shipping company, indicating its operational focus within the shipping industry [3]
High-Trend International Group Announces the Completion of a $4,452,999 Private Placement of Ordinary Shares to Its Co-Founder, Mr. Dong Zhang At a Price of $2.62 Per Share with a Three-year Lock-up