Summary by Moomoo AI
BYADI CO., LTD. (“BYADI”) ANNOUNCED ON 9 APRIL 2024 THAT MR. LU XIANGYANG, A SHAREHOLDER HOLDING MORE THAN 5% OF THE COMPANY, AND HIS CO-OPERATOR, RONGJIE INVESTMENT HOLDINGS LIMITED, HAD SECURED A NUMBER OF SHARES. Mr. Lu Xingyang has pledged 900,000 shares with a shareholding ratio of 0.38% and a total share capital ratio of 0.03%. The deposit period is from 8 April 2024 to 8 April 2025, for the purpose of meeting operational needs. As of the date of the announcement, Mr. Lu Xingyang and RongJie Investment Holdings had a cumulative equity stake of 83,375,498 shares, representing 2.86% of the total share capital of the Company. The Company stated that there is no risk of forced liquidation of the outstanding shares at this time and there will be no material impact on the Company's production operations and corporate governance. BYADI WILL COMPLY WITH RELEVANT LAWS AND REGULATIONS TO DISCLOSE INFORMATION OBLIGATIONS FOR SUBSEQUENT EQUITY COLLATERAL.