Summary by Futu AI
BYADI CO., LTD. ANNOUNCED ON 29 APRIL 2024 THAT ITS 2024 SHARE REPURCHASE PLAN HAS BEEN SUCCESSFULLY COMPLETED. The Plan was first proposed at a meeting of the Board of Directors and Supervisors on March 6, 2024 and was approved at the Annual General Meeting on April 19 of the same year. Through a centralized competitive trading method, the Company cumulatively repurchased 1,877,000 shares of A Shares, representing 0.06448% of the Company's total share capital, with a maximum trading price of RMB219.58 per share, and a minimum price of RMB206.62 per share, and a total transaction amount of approximately RMB 4 billion. The repurchased shares will all be used for divestment to reduce the registered capital. The Company confirms that this repurchase and divestment will not have a material adverse effect on the Company's operations, financial condition, R&D capacity, debt performance and future development and will help to maintain shareholders' interests, enhance investor confidence, stability and enhance the Company's value.