Kweichow Moutai's parent to boost stake as company completes share buyback

Kweichow Moutai's controlling shareholder, China Kweichow Moutai Distillery (Group) Co., Ltd. ("Moutai Group"), plans to increase its shareholding. From September 1, 2025, to February 28, 2026, Moutai Group intends to purchase shares through centralized bidding, with a planned investment of no less than 3 billion yuan and no more than 3.3 billion yuan. This move is driven by confidence in the company's long-term value and future development. As of August 29, 2025, Moutai Group holds 54.07% of Kweichow Moutai's total share capital. Moutai Group's wholly-owned subsidiary also holds 2.22%.

Concurrently, Kweichow Moutai announced the completion of its share repurchase program. Approved on November 27, 2024, the company repurchased 3,927,585 shares, representing 0.3127% of its total share capital. The repurchases occurred between January 2, 2025, and August 29, 2025, at prices ranging from 1,408.29 yuan per share to 1,639.99 yuan per share, totaling 5,999,985,966.95 yuan.

All repurchased shares will be cancelled and delisted by September 1, 2025, reducing the company's registered capital. After the cancellation, the total number of shares will decrease to 1,252,270,215. This action aims to enhance shareholder value.