Kweichow Moutai announced that the company's shareholders' meeting passed the repurchase plan on November 28, 2025, and will use its own funds to repurchase shares to reduce registered capital. The repurchase amount is 1.5 to 3 billion yuan. The implementation period is 6 months, and the repurchase price will not exceed 186,63.67 yuan/share. The first repurchase was made on December 31, 2025. 87,059 shares were repurchased, accounting for 0.0070% of the total share capital. The total payment amount was 120 million yuan. The repurchase price was 1377.22-1385.76 yuan/share.

Kweichow Moutai announced that the company's shareholders' meeting passed the repurchase plan on November 28, 2025, and will use its own funds to repurchase shares to reduce registered capital. The repurchase amount is 1.5 to 3 billion yuan. The implementation period is 6 months, and the repurchase price will not exceed 186,63.67 yuan/share. The first repurchase was made on December 31, 2025. 87,059 shares were repurchased, accounting for 0.0070% of the total share capital. The total payment amount was 120 million yuan. The repurchase price was 1377.22-1385.76 yuan/share.