Canaan CEO, CFO to purchase at least $2M of shares

Canaan announced that Nangeng Zhang, chairman and CEO of Canaan, and James Jin Cheng, CFO of Canaan, informed the company their intention to use their personal funds to jointly purchase no less than $2M of the company’s Class A ordinary shares represented by American depositary shares, or ADSs, each ADS representing 15 of the company’s Class A ordinary shares, subject to the company’s insider trading policy and in compliance with legal guidelines.