Summary by Futu AI
BYADI CO., LTD. ANNOUNCED ON MAY 13, 2024 THAT ITS SHARE REPURCHASE REPURCHASE PROGRAM WAS COMPLETED ON MAY 10, AND ITS TOTAL SHARE CAPITAL DECREASED FROM 2,911,142,855 SHARES TO 2,909,265,855 SHARES. THE COMPANY HELD BOARD AND SUPERVISORY MEETINGS ON MARCH 6, 2024 AND A GENERAL MEETING ON APRIL 19, APPROVED THE SHARE REPURCHASE PLAN. The repurchase of shares is used for divestment to reduce the registered capital and commenced on April 25. As of April 26, the Company has cumulatively repurchased 1,877,000 shares of A Shares, with a total repurchase amount paid of approximately RMB4 billion. After this repurchase of shares, the ratios of the restricted shares and the unrestricted shares were 22.30% and 77.70%, respectively. The Company shall amend the Articles of Association and register the relevant amendments in accordance with the relevant laws and regulations.