I-Mab Announces Execution of Senior Management Team Share Purchase Plan

On January 14, 2022 I-Mab (the "Company") (Nasdaq: IMAB), a clinical-stage biopharmaceutical company committed to the discovery, development, and commercialization of novel biologics, reported that the senior management team of the Company, including Founder, Chairman and Acting CEO Dr. Jingwu Zang, President Dr. Andrew Zhu, Chief Financial Officer John Long, Chief Strategy Officer Jielun Zhu and Chief Business Officer Dr. Weimin Tang, have executed the share purchase plan with the open market purchase of over 70,000 of the Company’s American depositary shares ("ADSs") in an aggregate amount of over US$2.6 million as of 14 Jan, 2022 (Press release, I-Mab Biopharma, JAN 14, 2022, View Source [SID1234605493]). The average price per ADS is approximately US$38. The senior management team plans to continue to purchase the Company’s ADSs on the open market for an minimum US$3 million and up to US$20 million on an accumulative basis.

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