Summary by Moomoo AI
BYADI CO., LTD. ANNOUNCED ON 11 JANUARY 2024 THAT MR. LU XIANGYANG, A SHAREHOLDER HOLDING MORE THAN 5% OF HIS HOLDINGS, CANCELED THE SECURITY DEPOSIT OF A PORTION OF HIS COMPANY SHARES. The total number of shares outstanding was 480,000 shares, representing 0.02% of the company's total share capital. The date of removal of the pledge is 10 January 2024 and the start date of the pledge is 30 January 2023. The copyright holder is Guangfa Securities Co., Ltd. The announcement noted that Mr. Lu Xingyang and his consistent operator, Rongje Investment Holding Group Limited, had a cumulative pledged amount of 66,357,000 shares, representing 2.28% of the total share capital of the Company after the delisting. The Company stated that the cumulative pledged shares of Mr. Lu Xingyang and RongJie Investment Holdings are not at risk of forced closing and will not have a material impact on the Company's production operations and corporate governance.