BEIJING, Aug. 27, 2024 — JD.com, Inc. (“JD.com” or the “Company”) (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter)), a leading supply chain-based technology and service provider, announced today that its board of directors (the “Board”) has approved a new share repurchase program (the “New Share Repurchase Program”), effective from September 2024. This program authorizes the Company to repurchase up to US$5.0 billion of its shares (including ADSs) over the next 36 months, ending in August 2027.

The Company will execute these repurchases through open market transactions at prevailing prices, private negotiations, block trades, or other legally acceptable methods. The decision to repurchase shares will be based on market conditions and adherence to applicable rules and regulations. The Board will regularly review the share repurchase program and may adjust its terms and size.

About JD.com        

JD.com is a leading supply chain-based technology and service provider. The Company’s advanced retail infrastructure aims to empower consumers to purchase any item they desire, anytime and anywhere. The Company has opened its technology and infrastructure to partners, brands, and other sectors through its Retail as a Service offering, contributing to productivity and innovation across various industries.

For investor and media inquiries, please contact:

Investor Relations
Sean Zhang
+86 (10) 8912-6804

Media Relations
+86 (10) 8911-6155

Safe Harbor Statement

This announcement includes forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements can be identified by words like “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” and similar expressions. JD.com may also express forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), announcements on the Stock Exchange of Hong Kong Limited website, annual report to shareholders, press releases, other written materials, and oral statements by its officers, directors, or employees to third parties. Statements that are not historical facts, including statements about JD.com’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ significantly from those in any forward-looking statement, including but not limited to: JD.com’s growth strategies; its future business development, operating results, and financial condition; its ability to attract and retain new customers and generate increased revenue from repeat customers; its expectations regarding demand for and market acceptance of its products and services; trends and competition in China’s e-commerce market; changes in its revenues and certain cost or expense items; the anticipated growth of the Chinese e-commerce market; laws, regulations, and government policies impacting the industries in which JD.com or its business partners operate; potential changes in laws, regulations, and government policies, or modifications in the interpretation and implementation of laws, regulations, and government policies that could negatively affect the industries in which JD.com or its business partners operate, including, but not limited to, initiatives to enhance supervision of companies listed on an overseas exchange and tighten scrutiny over data privacy and data security; risks related to JD.com’s acquisitions, investments, and alliances, including fluctuations in the market value of JD.com’s investment portfolio; natural disasters and geopolitical events; change in tax rates and financial risks; intensity of competition; and general market and economic conditions in China and globally. More detailed information regarding these and other risks is included in JD.com’s filings with the SEC and announcements on the website of the Stock Exchange of Hong Kong Limited. All information provided herein is current as of the date of this announcement, and JD.com assumes no obligation to update any forward-looking statement, except as required under applicable law.