Kweichow Moutai declares RMB 23.957 interim cash dividend

Kweichow Moutai has announced an interim cash dividend of RMB 23.957 per share (including tax) for its 2025 interim period. This distribution was approved at the company's first extraordinary general meeting on November 28, 2025. It will apply to all shareholders registered with China Securities Depository and Clearing Corporation Limited Shanghai Branch by the close of business on the equity registration date.

The total cash dividend payout for the 1,252,270,215 shares outstanding will amount to RMB 30,000,637,540.76 (including tax). The equity registration date for this distribution is December 18, 2025, with the cash dividend payout date and ex-dividend date both set for December 19, 2025.

Taxation on the dividend varies based on shareholder type and holding period. Individual shareholders and securities investment funds holding shares for over one year are temporarily exempt from personal income tax on dividends. For Qualified Foreign Institutional Investors (QFII) and Hong Kong market investors through Shanghai-Hong Kong Stock Connect, a 10% withholding tax will be applied, resulting in a net dividend of RMB 21.5613 per share. Other institutional investors and corporate shareholders will receive the full RMB 23.957 per share without withholding tax.