News

(Hong Kong, 2 January 2024) ― Impro Precision Industries Limited (“Impro” or the “Group”) (Stock Code: 1286), a world-leading manufacturer of high-precision, high-complexity and mission-critical components, today announced that on 22 December 2023 Mr. Lu Ruibo, Chairman and Chief Executive Officer of the Group, through his private holding company, Impro Development Limited, increased his shareholding in the Group by purchasing 15,000,000 shares at a price of HK$1.95 per share, for a total consideration of HK$29.25 million. The share acquisition has increased Mr. Lu’s shareholding in the Group to 1,357,357,787 shares and his shareholding ratio to 71.9%. In fact, since January 2022, Mr. Lu has increased his shareholding in the Group seven times by purchasing a total of 200,000,000 shares, representing 10.6% of the Group’s issued shares for a total consideration of over HK$420 million. The increase in shareholding demonstrates the Chairman’s strong confidence in the Group’s own value and development prospects.

Mr. Lu Ruibo, Chairman and Chief Executive Officer of Impro, said, “Over the past few years, by implementing the strategies of ‘Global Footprint’, ‘Diversified End-Markets’ and ‘Twin Growth Engines’ and by leveraging our manufacturing and sales network in Asia, Europe and the Americas, we have been able to overcome the challenges posed by the pandemic and unstable global macroeconomic and geopolitical factors, and delivered an stable revenue and profit growth. Looking ahead, we will continue to develop our core businesses, focusing on the development of the aerospace and hydraulics end-markets. We will also flexibly respond to market challenges, actively seek breakthroughs and promote business growth to continue to create value for shareholders.”