Summary by Moomoo AI
BYADY CO., LTD. ANNOUNCED ON 22 APRIL 2024 THAT MR. LU XIANGYANG, A SHAREHOLDER OF 5% OR MORE, HAS DISCHARGED THE PLEDGE OF A PORTION OF HIS COMPANY SHARES, INVOLVING A SHARE OF 100 MILLION SHARES, REPRESENTING 0.42% OF HIS HOLDINGS AND 0.03% OF THE TOTAL SHARE CAPITAL OF THE COMPANY. The dematerialization was completed on April 19, 2024, and the deposition began on March 9, 2023. IN ADDITION, THE CUMULATIVE PLEDGE OF SHARES HELD BY MR. LU SHUANGYANG AND HIS CONSISTENT OPERATOR RONGJIE INVESTMENT HOLDINGS GROUP LIMITED IS 82,195,498 SHARES PRIOR TO DEMOBILIZATION AND 81,195,498 SHARES UPON DEMOBILIZATION. The Company stated that there is currently no risk of forced liquidation of Mr. Lu Xingyang and RongJie Investments Holdings of Cumulative Securities and there will be no material impact on the Company's production operations and corporate governance.