J&T EXPRESS-W (01519) announced that its board of directors has approved a plan to exercise the general mandate granted by shareholders at the company's annual general meeting held on June 18, 2025, to repurchase Class B shares of the company. Under this authorization approved by shareholders, the board is authorized to repurchase up to 10% of the total Class B shares in issue (excluding treasury shares) as of the date of the annual general meeting.

The company stated that the trading price of Class B shares undervalues the group's performance and intrinsic value. The company is committed to becoming a global logistics service provider. Moving forward, the company will focus on the Southeast Asian and Chinese markets to consolidate its market position and steadily enhance its position in new markets. Externally, the company will capitalize on the significant development opportunities arising from the global expansion of e-commerce platforms. Internally, the company will implement refined management practices, continuously reduce costs, leverage Chinese experience to empower overseas operations, strengthen brand building, continuously expand non-platform customers, and improve profitability.

Meanwhile, the board believes that the company's financial position will enable it to implement the proposed market repurchase plan while maintaining adequate financial resources to support the company's continued business growth. The board is committed to actively managing the company's capital and believes that the proposed market repurchase plan will create capital management benefits for shareholders and is in the overall interests of the company and its shareholders.