Huitongda Network (09878) announced a 500 million yuan share repurchase plan to strengthen confidence in future development

The Zhitong Finance App learned that on June 10, Huitongda Network (09878) announced a stock repurchase plan. According to the announcement, based on firm confidence in the company's future prospects and full recognition of long-term investment value, the board of directors of Huitongda Network intends to repurchase H shares irregularly in the open market according to market conditions, with a total repurchase amount of up to RMB 500 million. The number of shares repurchased does not exceed 10% of the total number of H shares issued (i.e. 18,026,633 shares). The board of directors stated that the buyback plan is in the overall interests of shareholders and demonstrates management's confidence in business development.

As China's leading industrial Internet platform that uses digital technology and supply chain capabilities to empower township and wife stores, Huitongda Network has continued to advance the deepening implementation of the “AI+ Strategy” since 2025. In the future, it will continue to cultivate in the three directions of “AI+ Industrial Platform”, “AI+SaaS” and “AI+ Smart Terminal”, build a digital intelligence upgrade of the entire link from factories to member stores, activate massive data assets in the sinking market, and promote the efficient implementation of innovative supply chain models, further expand domestic demand and smooth the domestic economic cycle.

In February of this year, Huitongda Network was the first in the industry to connect to mainstream big models such as DeepSeek and deploy and launch agents such as “AI employees”; in April, it officially released the AI+ strategy and product matrix, and launched the self-developed “Qiancheng Cloud AI Smart Model” and “Qiancheng AI Super Store Manager” apps; in May, the big model passed the national filing. On June 5, a new version of “Qiancheng AI Super Store Manager” was released on the member store retail client to enhance AI capabilities. While adding the “Qiancheng AI” portal to the homepage, it also fully supports conversational interaction, so that member stores can use AI functions more efficiently and conveniently and improve store management efficiency.