Yunda Holding conducts first buyback, repurchasing 1.61 million shares

A first buyback this small — 0.06% of share capital and just under 10 million yuan — reads more as a signal of intent than a meaningful change in the share register, so its significance lies in whether it establishes a recurring program rather than in the volume itself. It matters mainly to existing holders watching for management's willingness to support the stock, and to a lesser extent to the broader logistics sector as a read on capital allocation at a major express delivery name. The open question is whether further repurchases follow and at what pace.