JD Industrials (Stock Code: 07618) announced that its Board approved an on-market share repurchase programme of up to US$200.00 million, effective 12 May 2026 and running for 24 months.

The repurchases will be executed under the Share Repurchase Mandate that authorises buybacks of up to 10% of issued shares (excluding treasury shares) between annual general meetings. The current mandate, granted on 27 November 2025, covers the period up to the 2026 AGM; subsequent buybacks will rely on mandates to be sought at future AGMs.

The Board stated that purchases will be conducted only within limits that avoid triggering a mandatory general offer under Rule 26 of the Hong Kong Codes on Takeovers and Mergers and Share Buy-backs. All transactions will comply with the Listing Rules, the company’s constitutional documents, Cayman Islands law, and other applicable regulations.

Management emphasised that the initiative is intended to signal confidence in the company’s near- and long-term outlook while maintaining a solid financial position. Execution— including timing, quantity and price—remains subject to market conditions and Board discretion, and there is no assurance as to the extent of actual repurchases.

Shareholders and potential investors are advised to exercise caution when dealing in JD Industrials’ shares.