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faced with the recent sluggish stock prices, kweichow moutai has taken action!

on the evening of september 20, kweichow moutai (sh600519, share price 1,263.92 yuan, market value 1.59 trillion yuan) issued an announcement that it plans to spend 3 billion to 6 billion yuan to repurchase the company's shares, with the repurchase price not exceeding 1,795.78 yuan per share.

kweichow moutai said that the repurchase was mainly to safeguard the interests of listed companies and investors and to enhance investment confidence. under the premise of ensuring that the company's normal operations and long-term development are not affected, according to relevant regulations, kweichow moutai plans to implement a share repurchase plan with its own funds, and the repurchased shares will be used to cancel and reduce the company's registered capital.

this repurchase plan is the first repurchase by kweichow moutai in its 23 years of listing.

kweichow moutai implements repurchase for the first time

according to the announcement of kweichow moutai, the total amount of funds for this share repurchase will not be less than 3 billion yuan and not more than 6 billion yuan, and the upper limit of the repurchase price is 1,795.78 yuan per share. it is estimated that the number of shares repurchased this time will be approximately 1.6706 million shares to 3.3412 million shares, accounting for approximately 0.13% to 0.27% of the company's total issued share capital on the date of this announcement.