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this is the first time that kweichow moutai has launched a repurchase and cancellation plan since its listing 23 years ago.the company will use its own funds to repurchase and cancel shares with an amount of no less than (including) rmb 3 billion and no more than (including) rmb 6 billion.a reporter from nanduwan finance noticed that there were signs of this repurchase and cancellation early on. at the kweichow moutai 2024 semi-annual performance briefing held earlier, kweichow moutai’s management responded to investors’ question about “whether the company has the intention to repurchase shares” by stating that it would combine the stock market situation and the company’s actual situation to conduct a systematic study of different market value management measures. if there are any relevant plans in the future, they will be announced in a timely manner in accordance with relevant regulations.

the repurchased shares will be cancelled

this is the first measure taken by kweichow moutai in its 23 years of listing.

on the evening of september 20, reporters from the nanduwan finance-new wine consumption index research group noticed that kweichow moutai disclosed the "announcement on the plan to repurchase the company's shares by means of centralized bidding transactions". the content showed that the company will use its own funds to repurchase and cancel shares with a minimum of (including) 3 billion yuan and a maximum of (including) 6 billion yuan, and the method of share repurchase will be centralized bidding.

a reporter from nanduwan finance noticed from the announcement that the upper limit of the repurchase price of shares is 1,795.78 yuan per share. kweichow moutai announced that the repurchase price shall not be higher than 130% of the average stock trading price in the 30 trading days before the company's board of directors passed the resolution to repurchase shares; if calculated based on kweichow moutai's closing price of 1,263.92 yuan per share on the 20th, the repurchase price is equivalent to 142.08% of the latest closing price.