Kweichow Moutai unveils top shareholders before share repurchase

Kweichow Moutai Co. Ltd. announced the shareholding details of its top ten shareholders and top ten unrestricted shareholders as of November 5, 2025, one trading day before its board approved a share repurchase plan. The repurchase program, adopted on November 4, 2025, aims to acquire company shares through centralized bidding.

China Kweichow Moutai Distillery (Group) Co. Ltd. remains the largest shareholder, holding 680,008,701 shares, representing 54.30% of the total share capital. Hong Kong Securities Clearing Company Limited is the second-largest shareholder with 58,413,436 shares (4.66%), followed by Guizhou State-owned Capital Operation Co. Ltd. with 56,996,777 shares (4.55%).

Other significant shareholders include Kweichow Moutai Distillery (Group) Technical Development Co. Ltd. and various investment funds from major banks like Industrial and Commercial Bank of China and China Construction Bank. The announcement confirms that the top ten unrestricted shareholders are identical to the top ten overall shareholders, indicating that these major stakes are not subject to selling restrictions.