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AMTD Digital Reaffirmed of Previously Announced Two-Year Lock-Up Undertakings from Key Shareholders
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Rhea-AI Summary
AMTD Digital Inc. (NYSE: HKD) announced that it has received confirmation of commitments from AMTD Group and executives not to sell shares in the company before August 2024. This follows a previous announcement on August 16, 2022. AMTD Digital operates a comprehensive digital solutions platform in Asia, covering financial services, ecosystem solutions, media, and digital investments, which fuels its SpiderNet ecosystem.
Positive
Confirmation of no share sales by AMTD Group and executives until August 2024, providing potential stability for investors.
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None.
SINGAPORE & HONG KONG--(BUSINESS WIRE)--
AMTD Digital Inc. (“AMTD Digital”) (NYSE: HKD), a comprehensive one-stop digital solutions platforms in Asia, announced today that it has received further confirmation of the previously announced undertakings from the relevant parties that AMTD Group, Dr. Calvin Choi (together with his holding company Infinity Power Investments Limited), AMTD IDEA Group and the executive officers of AMTD Digital will not sell any shares they own in AMTD Digital in the open market before August 2024. AMTD Digital initially announced its knowledge of these commitments on August 16, 2022.
About AMTD Digital Inc.
AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital solutions platform in Asia. Its one-stop digital solutions platform operates four main business lines including digital financial services, SpiderNet ecosystem solutions, digital media, content and marketing, as well as digital investments. It is the fusion reactor at the core of the AMTD SpiderNet ecosystem and empowers and integrates the various digital businesses within its ecosystem. For AMTD Digital’s announcements, please visit https://ir.amtdigital.net/investor-news.
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of AMTD Digital Inc., are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of AMTD Digital Inc. with the SEC. All information provided in this press release is as of the date of this press release, and AMTD Digital Inc. does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
