HK Stock Market Move | DMALL (02586) increased by more than 4%. The board of directors approved the company to repurchase shares with its own funds.

DMALL (02586) rose more than 4%, as of the time of publication, it was up 4.51% to HK$7.64, with a turnover of HK$113.72 million. On the news front, on the evening of November 19, DMALL announced that the board of directors approved a resolution to authorize the company to repurchase shares with its own funds (excluding any funds raised by the company on the main board of the Stock Exchange of Hong Kong Limited). The repurchase period will start from the date of approval by the board of directors and end at the conclusion of the company's next annual general meeting in 2026. The company intends to treat the repurchased shares as treasury shares, which can be cancelled, sold, or transferred as needed in the future (including transfer under equity incentive plans). The announcement stated that the company currently maintains sufficient cash reserves, and the operating cash flow continues to improve. As of October 31, 2025, the company's cash and cash equivalents balance was RMB 927 million, providing solid support for the share repurchase and will not affect normal production, operations, and long-term development plans.