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In 2023, Beike will issue a total of 5 announcements of related parties, involving a total value of about 2$400 million.
On June 9, Shell announced that Blossom South Limited had purchased 500,000 shares of Shell, worth $8.96 million. In addition, Blossom South Limited also sold a total of 500,000 shares worth $9.25 million in eight tranches in March this year.
According to the disclosure of Beike's 2022 annual report, the shares held by Blossom South Limited are actually owned by Xu Wangang, vice chairman of Beike Group and CEO of Beihaojia business line.
This is also the first announcement of the proposed ** of related parties issued by Beike after the death of Zuo Hui, the founder of Beike, due to illness in May 2021.
At that time, Beike had announced that "senior executives will not ** shares for one year", promising that Beike's executive directors, senior management and Propitious Global Holdings Limited (controlled by Zuo Hui Family Trust**) will not **, transfer or otherwise dispose of any of the company's ordinary shares or American depositary ** currently held by them within 365 days.
This commitment expires by 2023.
According to Shell's announcement, Blossom South Limited, which represents Xu Wangang's interests, announced on September 6 that it would have 900,000 shares of Shell, worth $14.09 millionOn November 14, it announced **1.2 million shares of Shell**, worth $18.2 million, and in 3 installments in September ** for a total of 1550,000 shares with a total value of $2.78 million.
Calculated, Xu Wangang has a total of **325 this year50,000 Shell** shares for a total value of $53.28 million.
In addition, on June 27, Propetious Global Holdings Limited, which represents the interests of Zuo Hui's family trust, announced **11.9 million shares of Shell**, worth 1$800 million.
On November 28, H Capital **350,000 shares of Shell**, valued at $5.48 million. H Capital is managed by Beike's independent non-executive director, Chen Xiaohong**.
To sum up, in 2023, the total value of related parties will be about 2$400 million in shells**. At the December 8 ** price, Shell is currently worth $18.6 billion.