JD Logistics (HK: 02618) released its Monthly Return for May 2026, confirming that both authorised and issued share capital remained unchanged while the company continued its buy-back programme. Key takeaways follow:

1. Share Capital Structure • Authorised share capital stood at 40.00 billion ordinary shares with a par value of USD 0.000025 each, unchanged from April, representing total authorised capital of USD 1.00 million. • Issued share capital was steady at 6.67 billion ordinary shares. No new shares were issued and no treasury shares were cancelled during the month, leaving total issued shares unchanged.

2. Share Repurchases • JD Logistics repurchased 21.44 million ordinary shares in May 2026 for future cancellation. As at 31 May 2026, these shares had not yet been cancelled, so they are not reflected in the issued-share figure. • The transaction underscores management’s continuing capital‐management initiative, although the filing does not disclose average repurchase price or aggregate consideration.

3. Employee Incentive Plans • Pre-IPO ESOP: 651,974 options were exercised, 7,420 cancelled and 27,888 lapsed. All exercises were settled with existing shares held by the plan’s trustee, resulting in no new share issuance. Outstanding options under this scheme totalled 55.69 million at month-end; no further grants are permitted. • Post-IPO Share Option Scheme: No grants, exercises or lapses occurred. The scheme retains capacity for up to 609.16 million new shares. • Post-IPO Share Award Scheme: No share transfers or issuances were made in May; 66.77 million shares remain available for future awards. • Total proceeds from option exercises were USD 6,519.74.

4. Public Float Compliance • The company confirmed compliance with the Main Board’s minimum 25% public-float requirement as at 31 May 2026.

5. Liquidity and Shareholder Structure Outlook • With no change in issued shares and ongoing repurchases, the company’s outstanding share count remains flat for now. Formal cancellation of the 21.44 million repurchased shares would reduce the share base by approximately 0.32%, incrementally boosting per-share metrics once completed.

The disclosure emphasises JD Logistics’ disciplined approach to capital management, maintaining share stability while utilising authorised repurchase and employee incentive mechanisms.