Kweichow Moutai announces progress in share repurchase program

Kweichow Moutai (SSE:600519) announced the progress of its share repurchase program today. The company has repurchased 3,382,085 shares, representing 0.2692% of the total share capital, spending CNY 5,201,527,341.83 (excluding transaction costs) between prices of CNY 1,408.29 and CNY 1,639.99 per share. The repurchase program, approved by shareholders on November 27, 2024, aims to repurchase shares for cancellation to reduce registered capital, as well as for potential employee stock ownership plans or to protect company value. The company’s total repurchase plan is for between CNY 3 billion and CNY 6 billion, with prices up to CNY 1,744.30 per share. Kweichow Moutai states it will continue to execute the repurchase program within the approved timeframe, adhering to relevant regulations and disclosing further progress as required.