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on september 20, kweichow moutai announced that the company will use its own funds of no less than rmb 3 billion (inclusive) and no more than rmb 6 billion (inclusive) to repurchase and cancel shares. the upper limit of the repurchase price is rmb 1,795.78 per share (inclusive). the number of repurchased shares is between 1,670,583 and 3,341,164 shares, and the number of repurchased shares accounts for 0.1330% to 0.2660% of the company's total share capital.

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.