Summary by Futu AI
BYADI CO., LTD. HELD ITS 8TH BOARD MEETING ON MARCH 26, 2024 TO CONSIDER A MOTION TO ENTRUST FUNDS USING ITS OWN IDLE FUNDS. The scheme involves investments of not more than RMB 600 billion and will purchase safe, liquid, medium and low risk banking or bond products from financial institutions such as banks, securities firms, fund companies, insurance asset management companies, and other financial institutions. This move aims to improve the efficiency of the use of funds and increase the return on investment of the company's capital. The Board of Directors has authorized management to sign the relevant legal documents and be responsible for specific implementation matters. The company also analyzes investment risks and develops risk controls to ensure the safety of funds.