Summary by Moomoo AI
BYADI CO., LTD. ANNOUNCED ON APRIL 7, 2024 THAT MR. LU XIANGYANG, A SHAREHOLDER HOLDING MORE THAN 5%, CANCELED A PORTION OF THE STAKE. The total number of shares outstanding at this time was 3,130,000 shares, representing 0.11% of the total share capital of the company. The date of removal of the pledge is April 2, 2024. Mr. Lu Xiangyang and his consistent shareholder Rongje Investment Holding Group Limited have a cumulative deposit balance of 82,475,498 shares, representing 2.83% of the total share capital of the Company. The Company stated that the termination of the escrow will not have a material impact on the Company's production operations and corporate governance and undertakes to fulfill its obligation to disclose information on subsequent equity securities under relevant laws and regulations.