HK Stock Market Move | WL DELICIOUS (09985) rose by more than 4%, plans to buy back up to 200 million Hong Kong dollars of shares. The company will focus on channel display and efficiency improvement in the year.

WL DELICIOUS (09985) rose by more than 4%, up 4.39% to 8.32 Hong Kong dollars as of the time of publication, with a trading volume of 54.6153 million Hong Kong dollars. On the news front, on June 11th, WL DELICIOUS announced that shareholders at the company's annual general meeting held on June 11, 2026 passed a resolution to grant directors the general authority to repurchase shares. The authorization allows the directors to repurchase up to 10% of the total number of shares issued by the company as of June 11, 2026, excluding treasury shares, totaling 243,114,557 shares. The Board plans to exercise the share repurchase authorization by using up to 200 million Hong Kong dollars of the company's funds to repurchase shares on the open market. The share repurchase plan will last for six months from the date of this announcement. Previously, CICC pointed out that the company's revenue growth for the year 2026 is expected to exceed 15%, with high certainty. The main sources of growth come from vegetable products, including sesame konjac, wind-dried kelp, and new flavors of konjac products (porcini mushroom, chicken foot flavor, etc). The company also places importance on omnichannel layout, display locations, display area, and brand exposure. CICC anticipates that the company will continue to upgrade its digital systems to strengthen actual execution. In terms of supply chain and channel efficiency, CICC expects that most of the company's raw material types are locked in price, making the impact more controllable. Furthermore, there is still room for improvement in supply chain, production automation, and digitization within the company.