On May 29, East Buy (01797.HK) rose 5.24% in regular trading, trading at HKD 22.14 per share, with trading volume of HKD 106 million.

On the news front, East Buy recently announced the trial launch of its instant retail business in Shanghai, simultaneously debuting on three major platforms — JD Express Delivery, Taobao Flash Purchase, and Meituan — while reaching a strategic cooperation agreement with JD Logistics. The company has deployed 10 forward warehouses in Shanghai, with plans to establish 6 additional warehouses in Beijing in June. Each warehouse covers a 5-kilometer service radius with 439 SKUs planned for listing.

Additionally, the company continues to execute its share repurchase program, with recent cumulative buybacks exceeding tens of millions of Hong Kong dollars. Management has also increased personal holdings. Combined with expectations of significant full-year profit growth, multiple positive catalysts have converged to drive share price strength.

(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.)