Kweichow Moutai progresses with share repurchase program

Kweichow Moutai (SSE:600519) announced the progress of its share repurchase program, initiated following shareholder approval on November 27, 2024. As of April 7, 2025, the company had repurchased 1,315,901 shares, representing 0.1048% of the total share capital. The repurchase occurred at prices ranging from CNY1,417.01 to CNY1,584.06 per share, with a total expenditure of CNY1,948,495,151.53, excluding transaction costs. This repurchase is within the previously announced range of CNY3 billion to CNY6 billion. The company intends to continue the repurchase program to complete the remaining CNY4.05 billion. Moutai's controlling shareholder is also preparing a plan for potential shareholding increases.