Wang Xing continuously reduced his stake in Ideal Auto, cashing out about HK$700 million

Wang Xing, CEO of Meituan and non-executive director of Li Auto, reduced his stake in Li Auto at an average price of HK$110.9737, HK$109.1931, HK$107.1994 and HK$102.1508 per share during the four trading days from March 18 to 21, cashing out a total of about HK$700 million. After this reduction, Wang Xing's stake in Li Auto dropped from 21.3% to 20.94%.