Kweichow Moutai announces progress on share repurchase program
Kweichow Moutai (SSE:600519) announced an update on its ongoing share repurchase program, initially approved at the shareholder's meeting on November 27, 2024, and detailed in a report on December 28, 2024. Between May 1, 2025, and May 16, 2025, the company repurchased 624,646 shares, representing 0.0497% of the total share capital. The highest price paid during this period was CN¥1,639.99 per share, and the lowest was CN¥1,585.17 per share, with a total expenditure of CN¥1,011,403,920.62. As of May 16, 2025, Kweichow Moutai has cumulatively repurchased 2,642,129 shares, accounting for 0.2103% of the total share capital, at prices ranging from CN¥1,417.01 to CN¥1,639.99 per share, for a total of CN¥4,050,254,683.12 (excluding transaction costs). The company stated that the repurchase activities comply with relevant laws and regulations and will continue as market conditions dictate. The intended use of the repurchased shares includes a reduction of registered capital, employee stock ownership plans or equity incentives, and potentially conversion into company bonds, all aimed at safeguarding the company's worth and shareholder benefits.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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