Summary by Futu AI
Bairong Cloud-W submitted a new next-day disclosure report on November 6, 2024, disclosing the changes in issued shares or treasury shares. According to the report, the company issued 30,000 Class B ordinary shares on November 6, 2024, accounting for 0.006% of the existing issued shares. In addition, between March 26, 2024, and November 5, 2024, the company conducted multiple share repurchase activities, repurchasing a total of 13,791,500 shares, accounting for 2.809% of the shares issued on the day. The repurchased shares will be proposed for cancellation. Bairong Cloud-W confirms that all share issuances or treasury share sales or transfers have been formally authorized and approved by the board of directors, and conducted in accordance with all applicable listing rules, laws, and other regulatory requirements. The share repurchase authorization resolution was passed on June 21, 2024, and on November 6, 2024, 197,000 shares were repurchased on the Hong Kong Stock Exchange at a total price of 1,992,025 Hong Kong dollars.
