On November 25, 2025, multiple companies conducted share buybacks in the Hong Kong market. Among them, Tencent (00700) led with the largest buyback amount, repurchasing 1.014 million shares for HKD 636 million.

Key buyback details include: - **Tencent (00700)**: 1.014 million shares (HKD 636M), cumulative annual buybacks at 76.864M shares (0.836% of total shares). - **Xiaomi-W (01810)**: 2.5M shares (HKD 101M), cumulative 51.2954M shares (0.200%). - **CIMC (02039)**: 6.8M shares (HKD 49.9154M), cumulative 54.207M shares (1.750%). - **COSCO SHIP HOLD (01919)**: 3M shares (HKD 40.3037M), cumulative 49.188M shares (1.708%). - **DEKON AGR (02419)**: 257,400 shares (HKD 19.2734M), cumulative 510,500 shares (0.399%).

Other notable buybacks: - **GUSHENGTANG (02273)**: 321,200 shares (HKD 9.5395M), cumulative 9.2115M shares (3.887%). - **CHINA FEIHE (06186)**: 2.2M shares (HKD 9.078M), cumulative 181M shares (1.993%). - **AAC TECH (02018)**: 200,000 shares (HKD 7.4113M), cumulative 4.1865M shares (0.356%). - **PACIFIC BASIN (02343)**: 2.739M shares (HKD 7.0891M), cumulative 82.644M shares (1.609%).

Smaller-scale buybacks: - **YEAHKA (09923)**: 12,000 shares (HKD 96,500), cumulative 24,000 shares (0.005%). - **LUKS GROUP (VN) (00366)**: 80,000 shares (HKD 70,400), cumulative 510,000 shares (0.102%). - **BINHAI INV (02886)**: 10,000 shares (HKD 11,200), cumulative 758,000 shares (0.055%).

The buyback activities reflect ongoing capital management strategies across sectors, with Tencent and Xiaomi leading in scale.