Summary by Futu AI
BYADY CO., LTD. ANNOUNCED ON 10 MAY 2024 THAT MR. LU XIANGYANG, A SHAREHOLDER WITH A STAKE OF MORE THAN 5%, AND HIS CONSISTENT CARRIER RONGJIE INVESTMENT HOLDINGS GROUP LIMITED HAVE DEPOSITED CERTAIN SHARES. Mr. Lu Xingyang pledged 980,000 shares on 9 May 2024, representing 0.41% of his shares and 0.03% of the total share capital of the company. The deposit period is until May 30, 2025, to meet operational needs. As of the date of the announcement, Mr. Lu Xiangyang and RongJie Investment Holdings had a cumulative pledge of 82,175,498 shares, representing 2.82% 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.