Changyu Wine to repurchase B shares, reduce capital

Yantai Changyu Pioneer Wine (SZSE:000869) announced plans to repurchase its B shares, with the intention of subsequently canceling them and reducing the company's registered capital. The repurchase will be executed through centralized competitive trading, utilizing CNY 100 million of the company's own funds. The shares will be bought back at no more than HKD 11.50 per share. This move aims to boost earnings per share, protect the company's value, and enhance shareholder returns.