Summary by Futu AI
BYADY CO., LTD. ANNOUNCED ON 26 MARCH 2024 THAT MR. LU XIANGYANG, A SHAREHOLDER OF 5% OR MORE, AND HIS CONSISTENT CARRIER RONGJIE INVESTMENT HOLDINGS GROUP LIMITED, HAD DEPOSITED ON 25 MARCH 2024 A PORTION OF THE COMPANY'S SHARES HELD FOR OPERATIONAL NEEDS. The subordinated shares are 1,750,000 shares, representing 0.73% of the shares held and 0.06% of the total share capital of the company. As of the date of the announcement, Mr. Lu Xingyang and RongJie Investment Holdings had a cumulative pledge of 84,895,498 shares, representing 2.92% of the total share capital of the Company. The Company stated that there is no risk of forced closing of the currently pledged shares and that there will be no material impact on the Company's production operations and corporate governance.