Summary by Moomoo AI
BYADY CO., LTD. ANNOUNCED ON 26 JANUARY 2024 THAT MR. LU XIANGYANG, THE SHAREHOLDERS HOLDING MORE THAN 5% OF THE COMPANY, AND RONGJIE INVESTMENT HOLDINGS GROUP LIMITED, HAVE DISCHARGED A PORTION OF THEIR HOLDINGS ON 25 JANUARY 2024. The number of shares outstanding by Lu Xingyang was 2,050,000 shares, representing 0.86% of the shares held, while the outstanding shares of Rongje Investment Holdings were 480,000 shares, representing 0.31% of the shares held. After delisting, the cumulative pledged shares of Lu Xingyang and Rongje Investment Holdings are 39,947,000 shares and 30,250,000 shares, respectively. The Company confirms that this delisting will not have a material impact on the Company's production operations and corporate governance and that there is no risk of forced closure.