$DDL

Dingdong (Cayman) Ltd. (NYSE: DDL) recently had all three proposals approved at its 2026 Annual General Meeting. These approvals include the sale of shares to a Meituan subsidiary, the allocation of at least 90% of transaction proceeds for share buybacks or dividends, and general powers for the board to finalize the sale. Chairman Liang Changlin emphasized that the company expects to create more value on Meituan's platform and will distribute 90% of sale proceeds to shareholders.