JD Logistics, Inc. announced that its board of directors authorised a share repurchase programme of up to USD 1.20 billion on 12 May 2026. The buy-back will be executed on the open market over a 48-month period, beginning immediately after board approval.

Under the plan, repurchases will be made pursuant to the annual Share Repurchase Mandate, which permits the company to buy back a maximum of 10% of its issued share capital (excluding treasury shares) in each mandate period. Each mandate remains valid until the earlier of the next annual general meeting, the statutory deadline for holding that meeting, or any revocation by shareholders.

The board stated that the repurchase scale will be managed to 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 memorandum and articles of association, Cayman Islands company law and other applicable regulations.

JD Logistics believes the repurchase will underline confidence in its long-term prospects while maintaining a solid financial position. The company cautioned shareholders that the timing, quantity and price of any repurchases will depend on market conditions and remain at the board’s discretion.