Kweichow Moutai updates on share repurchase progress

Kweichow Moutai (SSE:600519) announced the progress of its share repurchase program, initiated to reduce registered capital. As of the end of February 2025, the company had cumulatively repurchased 822,200 shares, representing 0.0655% of its total share capital. The repurchase transactions ranged from 1,417.01 yuan to 1,507.41 yuan per share, with a total expenditure of 1,199,883,179.92 yuan (excluding transaction costs). The buyback aligns with previously disclosed plans and relevant regulations. Kweichow Moutai will continue to make repurchase decisions based on market conditions and will promptly disclose further developments. The program, approved on November 27, 2024, aims to repurchase shares worth between 3 billion and 6 billion yuan by November 2025.