Summary by Futu AI
BYADI CO., LTD. ANNOUNCED ON 14 MAY 2024 THAT UNDER THE SHARE REPURCHASE PLAN APPROVED BY THE GENERAL MEETING ON 19 APRIL 2024, THE COMPANY HAD CUMULATIVELY REPURCHASED 1,877,000 SHARES OF A SHARES USING ITS OWN FUNDS AND COMPLETED THE BUYOUT ON 10 MAY 2024, RESULTING IN A CORRESPONDING REDUCTION IN THE COMPANY'S REGISTERED CAPITAL. This move is aimed at optimizing the share capital structure and increasing shareholder value. BYD ALSO NOTIFIES CREDITORS THAT, PURSUANT TO THE COMPANIES LAW OF THE PEOPLE'S REPUBLIC OF CHINA, WITHIN 45 DAYS FROM 19 APRIL 2024, CREDITORS MAY FILE A DEBT DECLARATION WITH THE COMPANY, REQUEST COMPENSATION OR PROVIDE A CORRESPONDING GUARANTEE. Chairman of the Board of Directors, Mr. Wang Chien-fu, ensures the truthfulness, accuracy and completeness of information disclosure.