HK Stock Market Move | LEAPMOTOR(09863) increase by over 4%, Chairman and shareholders jointly increase holdings of H shares, company's overseas sales volume has growth potential.

LEAPMOTOR (09863) rose more than 4%, as of the time of reporting, it rose 3.5% to 36.12 Hong Kong dollars, with a turnover of 93.25 million Hong Kong dollars. On the news front, on July 2nd, LEAPMOTOR announced that, based on strong confidence in the future development of the company, to promote the company's continuous, stable, and healthy development and safeguard the interests of the general public investors, the company's shareholders, Chairman and CEO Zhu Jiangming, and shareholder Fu Liquan collectively purchased 4.8142 million H-shares of the company on the market (this round of increase), with an average price of approximately 35.86 Hong Kong dollars per share. In the past six months, the total amount of shares purchased by the company's shareholders, Chairman and CEO Zhu Jiangming, and shareholder Fu Liquan is approximately 900 million Hong Kong dollars. Goldman Sachs research report pointed out that, supported by a strong 554% year-on-year increase in overseas retail sales in the first quarter of this year, LEAPMOTOR's target for overseas sales in 2026 is 125,000 units, which is 60% higher than Goldman Sachs' estimate of 200,000 units. The report stated that catalysts for Leapmotor include the launch of new models, a climb in monthly delivery volumes, and an acceleration in exports to meet retail end demand. Goldman Sachs' profit forecast for the company is higher than market expectations, mainly driven by higher sales volume expectations. Based on higher sales volume assumptions from overseas markets, it is expected that Leapmotor's models will rank top three in the overseas market, and strong retail end demand will further accelerate the company's monthly export growth.