King's Luck(SH:603369) Zheng Quan Zhi Xing·2025-06-30 16:32Core Viewpoint - The announcement details the progress of the share buyback plan by Jiangsu Jinshiyuan Liquor Co., Ltd.'s controlling shareholder, Jinshiyuan Group, which aims to enhance shareholder value and demonstrate confidence in the company's future growth [1][2]. Summary by Sections 1. Buyback Plan Overview - The buyback plan was first disclosed on December 31, 2024, with a proposed investment range of RMB 270 million to RMB 540 million, and a maximum purchase price of RMB 46 per share [1][3]. - The funding for the buyback will come from the controlling shareholder's own and self-raised funds [1]. 2. Progress of the Buyback Plan - As of the announcement date, over half of the buyback period has elapsed, with Jinshiyuan Group having acquired 8,755,895 shares, representing 0.7023% of the total share capital [2][3]. - The total amount spent on the buyback so far is RMB 386,850,064.89, which has reached the lower limit of the proposed investment range [2][3]. 3. Implementation Timeline - The buyback plan is set to be executed from December 31, 2024, to December 30, 2025, with the current implementation period running until June 30, 2025 [3]. 4. Compliance and Future Actions - The buyback actions comply with relevant laws and regulations, and will not result in a change of control for the company [4]. - The company will continue to monitor the progress of the buyback plan and fulfill its disclosure obligations as required [4].