Summary by Futu AI
BYADI CO., LTD. ISSUED AN ANNOUNCEMENT ON MAY 15, 2024, ANNOUNCING THAT IT HAS COMPLETED THE REPURCHASE OF 1,877,000 SHARES OF A-SHARES AND THE REDEMPTION ON MAY 10, THEREBY REDUCING THE REGISTERED CAPITAL OF THE COMPANY. The move is based on the repurchase plan approved by the General Meeting on 19 April 2024, which agreed to use equity capital of not more than RMB 4 billion for share repurchases. The Company has now informed the creditor that, within 45 days from 19 April, the creditor may file a debt declaration, request repayment or provide a corresponding guarantee. Filing can be done on site, by mail or by email. The Company will continue to perform valid debts not declared within the term.