Summary of Key Points Core Viewpoint - A total of 50 companies, including Tencent Holdings and Xiaomi Group, conducted share buybacks by December 31, 2025, with Tencent leading in both the number of shares repurchased and the total amount spent on buybacks [1][2]. Group 1: Buyback Details - Tencent Holdings (00700) repurchased 1.061 million shares for a total of 635 million, representing 1.110% of its total share capital [2][3]. - Xiaomi Group (01810) repurchased 3.8 million shares for 149 million, accounting for 0.560% of its total share capital [2][3]. - Other notable buybacks include: - Sanhua Intelligent Control (02050): 909,700 shares for 48.47 million [2]. - Midea Group (00300): 1.3277 million shares for 26.69 million [2]. - Kuaishou-W (01024): 310,000 shares for 19.72 million [2]. Group 2: Additional Companies and Their Buybacks - Companies with significant buybacks include: - Country Garden Services (06098): 2 million shares for 12.06 million, representing 1.839% of total share capital [2]. - Ming Yuan Cloud (00909): 3 million shares for 9.79 million, accounting for 3.408% of total share capital [2]. - Vitasoy International (00345): 392,000 shares for 248,560, representing 2.405% of total share capital [2]. Group 3: Overall Market Implications - The buyback activities reflect a trend among companies to return capital to shareholders, indicating confidence in their financial health and future prospects [1][2]. - The total buyback amounts and share counts suggest a strategic move to enhance shareholder value amidst market fluctuations [1][2].