Kweichow Moutai Announces Share Buyback Plan of RMB 1.5-3 Billion

Deep News11-28

Kweichow Moutai Co., Ltd. announced that it will repurchase shares using its own funds through centralized bidding transactions. The repurchased shares will be canceled to reduce registered capital.

The maximum repurchase price is set at RMB 1,887.63 per share (inclusive), with the total repurchase amount ranging between RMB 1.5 billion (inclusive) and RMB 3 billion (inclusive). The implementation period is within 6 months from the date the share repurchase plan is approved by the shareholders' meeting.

Based on the upper limit of the repurchase price, the company expects to repurchase approximately 794,647 to 1,589,294 shares, representing about 0.0635% to 0.1269% of the company's total issued shares.

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