Maotai, a company in Guizhou Province, plans to buy back shares worth 1.5 to 3 billion yuan for capital reduction.

Guizhou Maotai announced that the company plans to repurchase its shares through centralized bidding trading, with the repurchase amount not less than 1.5 billion yuan and not exceeding 3 billion yuan. The repurchase price will not exceed 1887.63 yuan per share. The repurchased shares will be used for cancellation and reduction of the company's registered capital, accounting for 0.0635% - 0.1269% of the total share capital. The implementation period is within 6 months from the date of approval by the shareholders' meeting. The funds for this repurchase will come from the company's own funds and still require approval from the shareholders' meeting, with some uncertainties. In addition, the controlling shareholder had a previous plan to increase its holdings, having increased 797,125 shares by 2025, with a payment of 1.161 billion yuan.