Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-01 23:11Summary of Key Points Core Viewpoint - The company, Yantai Changyu Pioneer Wine Co., Ltd., has approved a share repurchase plan for its B-shares, with a total repurchase amount not exceeding 1 billion RMB and a maximum price of 11.50 HKD per share, subject to adjustments based on corporate actions [2][3]. Group 1: Share Repurchase Plan - The company will repurchase B-shares through centralized bidding, with a repurchase period not exceeding 12 months from the approval date [2]. - The planned repurchase quantity is between 10 million and 15 million shares, with the final number determined at the end of the repurchase period [2]. - The maximum repurchase price was adjusted to 11.06 HKD per share after the company declared a cash dividend of 4 RMB per 10 shares [3]. Group 2: Progress of Share Repurchase - As of July 31, 2025, the company has repurchased 6,790,000 B-shares, representing 1.01% of the total share capital, with a total transaction amount of 58,967,861 HKD [5]. - The highest and lowest transaction prices during the repurchase were 9.00 HKD and 8.20 HKD per share, respectively [5]. Group 3: Compliance and Regulations - The company has adhered to the relevant regulations regarding share repurchase, including not repurchasing shares during significant price-impacting events [6][7]. - The company will continue to implement the repurchase plan based on market conditions and will fulfill its information disclosure obligations as required by law [8].