Kweichow Moutai progresses with share repurchase plan

Kweichow Moutai (SSE:600519) has announced the progress of its share repurchase program. The company's board of directors approved the repurchase plan, which was further ratified at the first extraordinary general meeting of shareholders in November 2024. The intended use of the repurchased shares is primarily to reduce registered capital. The planned repurchase range is between CNY3 billion and CNY6 billion.