Summary by Moomoo AI
BYADI CO., LTD. ANNOUNCED ON APRIL 19, 2024 THAT IT WILL REPURCHASE SHARES OF UP TO RMB4 BILLION THROUGH A CENTRALIZED COMPETITIVE TRANSACTION OR OTHER AUTHORIZATION METHOD FOR REIMBURSEMENT AND REDUCTION OF REGISTERED CAPITAL. The move has been approved by the General Meeting and will be implemented within 12 months. The Company also notifies the creditor that upon completion of the repurchase of shares, the registered capital of the Company will be reduced accordingly and the creditor may file a debt declaration within 45 days from the date of the announcement. Members of the Board of Directors, led by Chairman of the Board of Directors of BYADY Corporation, Mr. Wang Chiefook ensure the truthfulness, accuracy and completeness of information disclosures.