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Viewpoint News:On July 15, Shenzhen Transsion Holdings Co., Ltd. (hereinafter referred to as "Transsion Holdings") issued an announcement announcing plans that the company's directors and senior management will increase their holdings in the company's shares.

According to the announcement, the entities that increased their holdings include director and deputy general manager Zhang Qi, director and deputy general manager Yang Hong, financial director Xiao Yonghui and board secretary Zeng Chun.

The plan to increase holdings will start on July 16, 2024 and last for 6 months. The increase will be carried out through methods permitted by the Shanghai Stock Exchange system, including centralized bidding transactions and block transactions. The amount of the increase is expected to be between RMB 10.8 million and RMB 14 million, and the increased shares are A-shares that are tradable without restrictions on sale.

The main purpose of the increase in holdings is to express confidence in the company's continued stable development in the future and recognition of the long-term investment value of the company's shares.

At the same time, the entity that increases its holdings promises not to reduce its holdings of the company's shares during the implementation of the increase plan and within 6 months after its completion, and not to engage in insider trading, buying and selling shares during sensitive periods, and short-term trading.