Changyu Pioneer Wine adjusts B-share repurchase price upward

Yantai Changyu Pioneer Wine (SZSE:000869) announced an adjustment to the upper limit of its B-share repurchase price, following the implementation of the company's 2024 annual equity distribution plan. Effective June 24, 2025, the maximum repurchase price will be adjusted to CNY 11.06 per share, down from the previous CNY 11.50 per share. The adjustment is in accordance with regulations from the China Securities Regulatory Commission (CSRC) and the Shenzhen Stock Exchange (SZSE). The company intends to use no more than CNY 100 million for the repurchase, with plans to repurchase between 10 million and 15 million B-shares over a period not exceeding 12 months. The repurchase aims to reduce the company's registered capital upon completion, as outlined in previous board and shareholder meetings.