Kweichow Moutai announces mid-year dividend, share buyback, and governance overhaul

Kweichow Moutai announced a 2025 mid-year cash dividend of 23.957 yuan per share, totaling 30,000,637,540.76 yuan based on its 1,252,270,215 shares. This dividend is part of the company's "Improving Quality, Increasing Efficiency, and Enhancing Returns" initiative, reflecting its commitment to shareholder value. The company also unveiled a share buyback program, ranging from 1.5 billion yuan to 3 billion yuan, at a maximum price of 1,887.63 yuan per share. These repurchased shares will be canceled to reduce registered capital, aiming to stabilize stock prices and boost earnings per share.

In a move to modernize corporate governance, Kweichow Moutai will revise its articles of association and related rules. Key changes include the abolition of the supervisory board, with its statutory functions transferred to the board's audit committee. This restructuring aligns with recent regulatory updates and aims to streamline decision-making processes, ensuring compliance with new legal requirements while strengthening the board's oversight capabilities. The company's controlling shareholder and key management personnel have no plans to sell shares in the next six months.