• Xpeng CEO purchased 3.1 million Class A ordinary shares of the company on August 20-21 at an average price of HK$80.49 per share.
• This is a further increase in his holdings after he purchased 1 million shares at the end of August last year.

Xpeng (NYSE: XPEV) chairman and CEO He Xiaopeng has increased stake in his company, marking a further increase since August last year.

Mr. He purchased 3.1 million shares of Class A ordinary share in the company on August 20-21 through Galaxy Dynasty, a company wholly owned by him, at an average price of HKD 80.49 per share of Class A ordinary share, according to a Hong Kong Stock Exchange announcement today.

This demonstrates Mr. He's confidence in the company's prospects and growth potential, as well as his long-term commitment to the company, Xpeng said.

Xpeng closed up 0.56 percent at HK$80.9 in Hong Kong stock market trading today, with a market capitalization of HK$154.2 billion.

Following the latest increase in holdings, Galaxy Dynasty holds 3.1 million Class A ordinary shares and 1,419,922 American Depositary Shares (ADSs) of Xpeng, according to the company's announcement.

Additionally, Mr. He holds 327,708,257 shares of Class B ordinary share and 2,200,000 ADS of Xpeng through Simplicity Holding, and 21,000,000 shares of Class B ordinary share of the company through Respect Holding.

He personally holds 1 million shares of Class A ordinary share of Xpeng.

All of these holdings represent 18.9 percent of Xpeng's issued share capital.

This marks the latest increase in the Xpeng CEO's stake in the company since late August last year, when he purchased 1 million Class A ordinary shares at an average price of HK$27.13 per share.

Following the transactions a year ago, Mr. He's stake in Xpeng increased to about 18.8 percent.

Xpeng saw its share price listed in Hong Kong plummet by 44 percent in the first eight months of last year. This year, with significant improvements in delivery volumes, it has risen by 80 percent in Hong Kong so far this year.

The company reported a net loss of RMB 480 million for the second quarter, marking a new low since the third quarter of 2020, a year-on-year decrease of 62.81 percent, and a quarter-on-quarter decrease of 28.05 percent, according to its financial report released on August 19.