Kweichow Moutai proposes dividend, share buyback, and governance overhaul for 2025

Kweichow Moutai Co., Ltd. announced its first extraordinary general meeting for 2025, scheduled for November 28, 2025. Key proposals include the election of Mr. Chen Hua as a director and a 2025 interim profit distribution. The proposed interim cash dividend is RMB 23.957 per share (including tax), totaling approximately RMB 30,000,637,540.76 based on the total share capital as of September 30, 2025.

The company also plans a share repurchase program, with a total value between RMB 1.5 bn and RMB 3 bn. The repurchase price ceiling is RMB 1,887.63 per share, and the repurchased shares will be canceled to reduce registered capital. This initiative aims to maintain shareholder value and boost investor confidence, with the repurchase period set for six months following shareholder approval.

In a significant governance change, Kweichow Moutai proposes to abolish the Supervisory Board, with its statutory functions to be transferred to the Board's Audit Committee. This amendment is part of a broader revision of the company’s Articles of Association and related governance rules, reflecting updated regulatory requirements. The company will also revise its related party transaction decision-making system.