HUITONGDA NET (09878) experienced a notable surge, climbing nearly 11% at its peak. As of the latest trading update, the stock is up 7.54%, trading at HK$9.20 with a trading volume of HK$11.27 million.

The company recently announced a plan to repurchase its H-shares on the open market from time to time, with a total buyback amount not exceeding CNY 500 million. The board believes this initiative aligns with the overall interests of the company and its shareholders, underscoring the confidence of the company and its management team in the future business prospects and the recognition of the long-term value of the firm.

Earlier this year, HUITONGDA NET finalized a major strategic partnership with Snack Preferred, integrating 2,800 offline stores into its retail ecosystem through a merger-style joint venture. Recently, Snack Preferred completed a new round of store format upgrades, expanding from a single bulk snack store model to a multi-format store matrix that includes community convenience stores and discount supermarkets. This expansion is accelerating its reach into lower-tier markets, such as counties and towns. The upgrade signals Snack Preferred's rapid evolution from a "snack bulk retail expert" to a "full-region retail chain brand," also indicating that HUITONGDA NET's retail chain strategy is steadily being implemented with results gradually emerging.