Summary by Futu AI
BYADI CO., LTD. ANNOUNCED ON 16 MAY 2024 THAT ITS SHAREHOLDERS, RONGJIE INVESTMENT HOLDINGS GROUP LIMITED, WHICH HAS A STAKE OF MORE THAN 5%, HAS PLACED A SECURITY STAKE OF 1,050,000 SHARES REPRESENTING 0.04% OF THE TOTAL SHARE CAPITAL OF THE COMPANY. The deposit starts on May 15, 2024 and ends on May 30, 2025. The cumulative pledged shares of RongJie Investment Holdings and its consistent shareholder, Mr. Lu Xiangyang, are 83,225,498 shares, representing 2.86% 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. The Company will comply with the relevant laws and regulations to comply with its obligation to disclose information on subsequent equity deposits.