King's Luck share buyback reaches minimum; continues

Jiangsu King's Luck Brewery (SSE:603369) announced that its controlling shareholder, Jinshiyuan Group, has reached the lower limit of its planned share increase, having already bought shares worth CNY 386,850,064.89. As announced on December 31, 2024, Jinshiyuan Group intended to increase its holdings by between CNY 270 million and CNY 540 million within 12 months, via the Shanghai Stock Exchange trading system, at a price not exceeding CNY 46 per share. As of today, Jinshiyuan Group has acquired 8,755,895 shares, representing 0.7023% of the company’s total share capital. The company notes that the buyback is based on confidence in King's Luck's future and may continue. The company has cautioned investors about potential market risks that could impact the buyback plan.