Changyu Pioneer Wine initiates B-share repurchase program

Yantai Changyu Pioneer Wine (SZSE:000869) has initiated its plan to repurchase B-Shares, as approved at the April 16th and May 23rd shareholder meetings. The company executed its first repurchase on June 25th, buying back 300,000 shares, representing 0.0446546% of the total share capital. The repurchase occurred via a dedicated securities account using centralized competitive bidding. The highest transaction price was HKD 8.50 per share, with the lowest at HKD 8.36 per share, resulting in a total transaction value of HKD 2,526,177 (excluding transaction fees). The company stated the repurchase is in accordance with relevant laws, regulations, and the established repurchase plan. The repurchase period will not exceed 12 months, with a total buyback planned between 10 million to 15 million shares, at a maximum price of HKD 11.50 per share.