贵州茅台连发公告！上市以来首次实施

Core Viewpoint - Guizhou Moutai has announced a share buyback plan by its controlling shareholder, Moutai Group, aiming to enhance the company's long-term value and support sustainable development [1][7]. Group 1: Shareholder Buyback Plan - Moutai Group plans to increase its stake in Guizhou Moutai by investing between 30 billion RMB and 33 billion RMB within six months from the announcement date [4][7]. - As of August 29, 2025, Moutai Group holds 679,211,576 shares, representing 54.07% of the total share capital [3][4]. - The buyback will occur through centralized bidding, with no set price range for the shares [7]. Group 2: Recent Share Repurchase - On the same day, Guizhou Moutai completed a share repurchase of 3.9276 million shares, accounting for 0.3127% of the total share capital, with a total expenditure of 6 billion RMB [7]. - The repurchase was executed at a maximum price of 1,639.99 RMB per share and a minimum price of 1,408.29 RMB per share, with an average price of 1,527.65 RMB per share [7]. - This marks the first cancellation-style repurchase since Guizhou Moutai's listing, with all repurchased shares intended for cancellation to reduce registered capital [7]. Group 3: Market Context - Guizhou Moutai has been a high-priced stock in the A-share market, recently facing competition from Cambrian, which briefly surpassed Moutai in stock price [8][10]. - As of August 29, 2025, Cambrian's stock price was reported at 1,492.49 RMB, higher than Moutai's price of 1,480 RMB [10].