SoFi CEO enters prepaid forward contract on 1.5 million shares
Tuya Inc. (NYSE:TUYA), a company specializing in prepackaged software services, disclosed a transaction today with The Stock Exchange of Hong Kong Limited that is considered discloseable under the rules of the exchange. The transaction involves contractor construction contracts, details of which can be found in Exhibit 99.1 of the current Form 6-K report.
The SEC filing, dated today, Tuesday, indicates that the Hangzhou-based company is required to report this transaction due to its potential significance to shareholders and the investing public. While the specifics of the contracts were not detailed in the announcement, such transactions typically involve agreements for construction services that could impact a company’s operations and financial outlook.
Tuya Inc., which is incorporated in the People’s Republic of China, has provided the required signatures for the report, with Chief Financial Officer Yi (Alex) Yang signing on behalf of the company. The announcement clarifies the company’s adherence to the Securities Exchange Act of 1934, which mandates the reporting of material events that shareholders and potential investors should be aware of.
Investors and interested parties are encouraged to refer to the exhibit attached to the report for a comprehensive understanding of the nature and implications of the construction contracts. The document is available for public viewing and provides the necessary information for a transparent assessment of the transaction’s relevance to Tuya Inc.’s business.
This development is part of Tuya Inc.’s regular disclosure practices to comply with international regulatory standards and maintain transparency with its investors. The information is based on a press release statement and is intended to provide Tuya Inc.’s stakeholders with timely and factual updates regarding corporate transactions.
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