Summary by Futu AI
BYADI CO., LTD. FILED A NEW NEXT DAY DISCLOSURE REPORT ON MAY 13, 2024 DISCLOSING CHANGES IN ITS ISSUED SHARE CAPITAL. The Company repurchased 1,877,000 shares of Class A common stock on April 25 and 26, 2024 and completed the write-down of those shares on May 10, 2024. Following this share repurchase and write-off, BYD's issued number of shares was 1,811,265,855 shares. The repurchased shares represented approximately 0.104% of the total Class A ordinary shares prior to write-off. The repurchase is conducted in accordance with the relevant rules of the HKEX and the Shenzhen Stock Exchange and has been formally authorized by the Board of Directors and the General Meeting of Shareholders.