Summary by Moomoo AI
BYADI CO., LTD. (“BYADI”) ANNOUNCED ON 1 APRIL 2024 THAT ITS SHAREHOLDINGS OF MORE THAN 5% OF ITS SHARES HELD BY RONGJIE INVESTMENT HOLDINGS LIMITED (“RONGJIE INVESTMENT HOLDINGS”) HAD DEPOSITED CERTAIN SHARES OF THE COMPANY WITH A SPECIFIC SECURITY STAKE OF 710,000 SHARES REPRESENTING 0.00% OF THE TOTAL SHARE CAPITAL OF THE COMPANY 2%。 The start date of the sub-deposit is 29 March 2024 and the cancellation date is 29 March 2025. The deposit is a branch of Xingyi Bank Co., Ltd., Shenzhen. The cumulative pledged shares of RongJie Investment Holdings and its consistent shareholder, Mr. Lu Xingyang, are 85,605,498 shares, representing 2.94% of the total share capital of the company. The Company stated that there is currently no risk of forced liquidation of Meringye Investment Holdings and the cumulative pledged shares of Mr. Lu Xingyang and will not have a material impact on the Company's production operations and corporate governance.