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according to the shanghai securities news,on september 20, kweichow moutai announced that the company will use its own funds, no less than rmb 3 billion (inclusive) and no more than rmb 6 billion (inclusive) to repurchase and cancel shares, with the upper limit of the repurchase price being rmb 1,795.78 per share (inclusive), and the number of shares to be repurchased being between 1,670,583 and 3,341,164 shares, accounting for 0.1330% to 0.2660% of the company's total share capital. (for the first time in 23 years since its listing! kweichow moutai issued an announcement: repurchase and cancellation）

this is another major positive announcement one month after kweichow moutai announced its three-year cash dividend plan, implementing a cancellation-style repurchase, injecting a shot in the arm for the capital market.

the liquor industry has entered a period of adjustment. the actions of leading enterprises have become an important indicator of the industry. kweichow moutai's series of actions also reflect its attention and importance to the capital market. this time, kweichow moutai used real money to support the company's stock price, which is good for investors, shows the market the company's optimistic expectations for the industry's prospects, and sends a positive signal to enhance the market's bullish sentiment.

some investors said that from the major shareholder's increase in holdings in 2023 to the previously proposed three-year dividend rate of no less than 75%, plus this repurchase, kweichow moutai has promptly used market-based means to continuously strengthen market value management, convey confidence, stabilize expectations, and truly give investors a sense of return and gain.