On June 29, J&T Global Express-W rose 4.14% in regular trading, trading at HK$8.57/share, with turnover of HK$25.41 million.

On the news front, the company announced on June 26 that its board approved an open market share buyback plan with a funding cap of HK$2 billion to repurchase Class B shares. The maximum number of shares to be repurchased is approximately 967 million, representing 10% of total issued shares. The buyback will be funded through existing cash reserves and free cash flow. The board stated that the current Class B share trading price undervalues the group's performance and intrinsic value.

Prior to the plan's announcement, the company had already conducted buybacks for 11 consecutive trading days, accumulating approximately 61.06 million shares repurchased at a total cost of about HK$518 million. On June 26, the company repurchased an additional 4.65 million shares for approximately HK$39.28 million at prices between HK$8.37 and HK$8.54 per share. The large-scale buyback program further reinforces the company's commitment to supporting its share price.

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