The CEO and CFO of Canaan Technology collectively increased their holdings by 1.065 million American depositary shares

According to PR Newswire, Canaan Inc. announced that the company's Chairman and CEO Zhang Nengeng and CFO Cheng Jin recently purchased a total of 1,065,000 American Depositary Shares in the open market, with an average purchase price of $0.35 per share.

The company stated that this increase in holdings complies with internal trading policies and applicable securities regulatory requirements, reflecting the management's confidence in the company's long-term strategy and future development prospects.