Chinese LED manufacturer ETI announced Monday, eight company executives will be increasing shareholdings in their company to boost investors’ confidence.

ETI officials involved in the plan to raise shareholdings in the company include Director of Board Yan Yang, Supervisor Hong Yang, Assistant General Manager Fei Deng, Gang Zhang. Other mid and high ranking company officials involved in the increasing shareholdings include Jianhua Shi, Qi Tu, Lian Zuo, Zhenshan Xu. The company officials will be individually financing the gain of nearly 280,400 company shares equivalent to a 0.02% stake in the company. If the shares are purchased at the current market value of RMB 8.01 (US $1.29), the estimated total value will be RMB 2.25 million. 

The company aims to use the officials purchase of company shares will show investors the company management have the same interests, and that it would be beneficial for the company’s long term development. Depending on the market situation, the company intends to increase it shareholdings and repurchase shares in the next three months.

According to statistics compiled by Bloomberg, ETI’s share value climaxed at RMB 16.68 on June 2, 2015, but crashed shortly a month later, losing nearly 50% of its share value. As of July 6, 2015 the company’s share value was a mere RMB 8.01

The company’s repurchase of shares follows the movement of “stabilizing the Chinese stock market” initiated by 50 listed domestic companies on the small and medium-sized enterprise board on July 4, 2015. Heading the coalition is Suning Commerce Group, who stated the mission of the group was to deal with “irrational corrections on the capital market recently,” according to a Sinai report. Proposed solutions included repurchasing stocks or raising shareholdings to maintain the stability of the stock market; increasing information transparency and strengthening investor relationships; fortifying companies’ core competitiveness and speeding up business model transitions; leading the implementation of corporate social responsibility and paying back investors.

Companies that are taking part in this initiative of raising shareholdings include ETI, Shenglu Telecommunication Tech, Great Wall Movie And Television, Guangzhou Zhiguang Electric and others.