Kweichow Moutai announces share buyback and $30bn interim dividend

Kweichow Moutai announced a plan to repurchase company shares through centralized bidding transactions, with a total value not less than RMB 1.5 billion and not exceeding RMB 3 billion. The repurchased shares will be canceled to reduce the company's registered capital, at a price not exceeding RMB 1,887.63 per share. This initiative follows the company's commitment to "high-quality and high-return" shareholder practices.

Concurrently, the company declared a 2025 interim cash dividend of RMB 23.957 per share (tax inclusive), totaling approximately RMB 30,000,637,540.76 based on the current share capital. Both the share buyback and dividend proposals, alongside revisions to the company's Articles of Association and a proposal to abolish the Supervisory Board, were approved by the board of directors on November 4, 2025, and are awaiting shareholder approval. The Supervisory Board’s functions are proposed to be transferred to the board of directors' Audit Committee.