Kweichow Moutai adjusts share buyback price after dividend

Kweichow Moutai (SSE:600519) announced today that it is adjusting the upper limit of its share repurchase price from CNY1,771.90 per share to CNY1,744.30 per share. This adjustment follows the company's 2024 annual equity distribution, which includes a cash dividend of CNY276.24 per 10 shares. The company's buyback plan, approved in November 2024, aims to repurchase shares for cancellation and a reduction of registered capital, with a total repurchase amount ranging from CNY3 billion to CNY6 billion. The repurchase will be executed through centralized bidding and will be valid for 12 months from the date of shareholder approval. Kweichow Moutai will disclose the progress of the repurchase in a timely manner.