On June 16, J&T Express (01519.HK) declined 3.08% in regular trading, trading at HK$8.83/share, with turnover of HK$103 million. The stock remains under sustained selling pressure following the National Post Bureau's formal investigation announced on June 11.

The regulatory body stated that enterprises operating under the J&T Express brand experienced multiple production safety accidents this year, with safety hazards repeatedly identified during inspections. The National Post Bureau cited J&T Express's failure to implement unified safety management as required by regulations, launching a formal investigation — the first such direct action against a courier company headquarters. The stock plunged over 14% intraday on June 11 before closing down 4.89% at HK$8.36.

J&T Express responded that it accepts the investigation, has established a special task force for safety rectification, and stated the probe will not materially impact business operations or financial condition. The company conducted a share buyback of HK$45.42 million on June 12. Prior to the investigation, local subsidiaries in Henan had already received two penalties totaling RMB 70,000 in March and April for safety management violations, signaling systemic compliance weaknesses in its franchise network.

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