Canaan CEO and CFO collectively purchased 1,065,000 American Depositary Shares

According to PR Newswire, Canaan Inc. announced that Zhang Nangeng, the company’s Chairman and CEO, and CFO Cheng Jin recently purchased a total of 1,065,000 American Depositary Shares (ADSs) in the open market at an average price of $0.35 per share. The company stated that this purchase complies with its insider trading policy and applicable securities regulatory requirements, reflecting management’s confidence in the company’s long-term strategy and future prospects.