Summary of Key Points Core Viewpoint - A total of 40 companies conducted share buybacks on December 1, 2025, with Tencent Holdings (00700) leading in both the number of shares repurchased and the total amount spent. Group 1: Buyback Details - Tencent Holdings (00700) repurchased 1.029 million shares for a total of 636 million yuan, representing 0.881% of its total share capital with a year-to-date cumulative buyback of 80.99 million shares [1][2] - Xiaomi Group-W (01810) repurchased 10 million shares for 402 million yuan, accounting for 0.290% of its total share capital with a cumulative buyback of 75.795 million shares [2] - VITASOY International (00345) repurchased 1.974 million shares for 13.0162 million yuan, which is 1.678% of its total share capital with a cumulative buyback of 17.614 million shares [2] - China Merchants Industry Holdings (01919) repurchased 945,000 shares for 12.7619 million yuan, representing 1.998% of its total share capital with a cumulative buyback of 57.543 million shares [2] - Other notable buybacks include China Feihe (06186) with 1.5 million shares for 6.3165 million yuan (2.105% of total share capital) and Mengniu Dairy (02319) with 200,000 shares for 3.0355 million yuan (0.711% of total share capital) [2][3] Group 2: Additional Companies - Other companies that conducted buybacks include: - 瑞声科技 (02018) with 300,000 shares for 11.3636 million yuan (0.420% of total share capital) [2] - 国鸿氢能 (09663) with 1.581 million shares for 7.981 million yuan (0.824% of total share capital) [2] - 美高梅中国 (02282) with 380,000 shares for 6.2746 million yuan (0.774% of total share capital) [2] - 德康农牧 (02419) with 72,600 shares for 5.3578 million yuan (0.679% of total share capital) [2] - 碧桂园服务 (06098) with 687,000 shares for 4.4254 million yuan (0.686% of total share capital) [2]