On June 26, J&T Global Express rose 3.22% in regular trading, trading at HK$8.34 per share, with turnover of HK$182 million.

On the news front, the company announced that its board of directors has approved an open market share repurchase plan with a funding cap of HK$2 billion to buy back Class B shares. Under the mandate approved at the annual general meeting, J&T may repurchase up to approximately 967 million Class B shares, equivalent to 10% of its issued shares excluding treasury 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 underestimates the group's performance and intrinsic value. Prior to this announcement, the company had already conducted buybacks for 11 consecutive trading days, accumulating approximately 61.06 million shares repurchased at a total cost of approximately HK$518 million. The launch of this larger-scale buyback plan further reinforces management's commitment to supporting the share price.

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