TechDogs-"AMTD Digital Received Support From Key Shareholders Towards The Long-term Developments And Stability Of The Companys Growth With An Extension Of Previously Announced Lock-up Undertakings Until August 2025, i.e. Three Years After Listing"

Financial Technology

AMTD Digital Received Support From Key Shareholders Towards The Long-term Developments And Stability Of The Companys Growth With An Extension Of Previously Announced Lock-up Undertakings Until August 2025, i.e. Three Years After Listing

Business Wire
Overall Rating

NEW YORK & PARIS & SINGAPORE--(BUSINESS WIRE)--AMTD Digital Inc. (“AMTD Digital” or the “Company”) (NYSE: HKD), a comprehensive one-stop digital solutions platform in Asia, announced today that it has received further confirmation of the previously announced undertakings from the relevant parties that AMTD Group Inc., Dr. Calvin Choi (together with his holding company Infinity Power Investments Limited), AMTD IDEA Group and the executive officers of AMTD Digital will not sell any shares they own in AMTD Digital in the open market before August 2025, i.e. amounting to lock-up undertakings for a period of three years after the listing of the Company. The key shareholders have confidence in the long-term developments and stable growth of the Company and thereby extend their lock-up undertakings to demonstrate support of the Company’s future ahead of the first listing anniversary of the Company.

About AMTD Digital Inc.

AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital solutions platform in Asia. Its one-stop digital solutions platform operates four main business lines including digital financial services, SpiderNet ecosystem solutions, digital media, content and marketing, as well as digital investments. It is the fusion reactor at the core of the AMTD SpiderNetecosystem and empowers and integrates the various digital businesses within its ecosystem. For AMTD Digital’s announcements, please visit https://ir.amtdigital.net/investor-news.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of AMTD Digital Inc., are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of AMTD Digital Inc. with the SEC. All information provided in this press release is as of the date of this press release, and AMTD Digital Inc. does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Contacts

IR Office
AMTD Digital Inc.
EMAIL: ir@amtdigital.com

First published on Mon, Jun 26, 2023

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