Movement Alert|JD Logistics Rises 4.6% in Regular Trading, Intensive Buybacks and New Repurchase Authorization Boost Market Confidence

Market Focus07-02

On July 2, JD Logistics rose 4.6% in regular trading, trading at HKD 12.23/share, with turnover of approximately HKD 28.77 million.

On the news front, the company has maintained an intensive share buyback program since June, executing repurchases on nearly every trading day with daily amounts ranging from HKD 15 million to HKD 38 million. Year-to-date, the company has completed 28 buybacks totaling over 53.26 million shares, spending approximately HKD 683 million in aggregate. Notably, the annual general meeting held on June 29 approved a new repurchase authorization allowing the company to buy back up to approximately 666 million shares, representing 10% of issued share capital. The market interprets this substantial authorization as a clear signal of management's firm confidence in the company's intrinsic value and future prospects.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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