Summary by Moomoo AI
BYADI CO., LTD. ANNOUNCED ON APRIL 25, 2024 THAT IT HAS INITIATED THE SHARE REPURCHASE PROGRAM, WHICH IS SUBJECT TO THE MANDATE OF THE PREVIOUS GENERAL MEETING AND THE RELEVANT LAWS AND REGULATIONS. The Company repurchased 959,900 shares of A shares using its own funds in the first repurchase through a centralized tender transaction, accounting for 0.03297% of the company's total shares. The transaction price ranged from RMB206.62 to $211.42, for a total transaction amount of RMB200,664,562. The repurchase is a plan by the company to repurchase shares using no more than RMB 4 billion of own funds and will be used for repurchases to reduce the registered capital. The shares repurchased are not expected to be less than 1,481,481 shares, representing approximately 0.05% of the company's total issued share capital. BYADY CO., LTD. SAID IT WILL CONTINUE TO IMPLEMENT THE REPURCHASE PROGRAM WITHIN A 12-MONTH REPURCHASE PERIOD BASED ON MARKET CONDITIONS AND WILL STRICTLY COMPLY WITH DISCLOSURE OBLIGATIONS.