HUITONGDA NET (09878) plans to repurchase up to 5 billion H shares, showcasing long-term development confidence.

HUITONGDA NET (09878) announced that, based on the confidence in the company's future development prospects and the recognition of the company's long-term value, in order to safeguard the interests of shareholders and enhance investor confidence, the board of directors or its authorized persons intend to conduct a repurchase of H shares. The repurchase will be conducted on the open market at irregular intervals, with the total amount not exceeding 500 million RMB. The repurchase of H shares will continue until the expiry date of the H share repurchase authorization, unless the total amount reaches the above limit or the board of directors or its authorized persons decide to terminate the repurchase program early. The repurchased H shares will be cancelled or held as treasury shares. The board of directors believes that the repurchase of H shares is in the overall interests of the company and shareholders, demonstrating the company's and its management team's confidence in the future development prospects and long-term value of the company. Since the second half of 2025, HUITONGDA NET has been continuously deepening its "big consumption + AI" layout, promoting the development of innovative businesses such as bulk snacks, hard discount supermarkets, and AI applications, further expanding domestic demand and facilitating the domestic economic cycle.