Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-02 23:39Summary 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 of up to 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 repurchased shares will be canceled, leading to a reduction in the company's registered capital [2]. Group 2: Adjustments to Repurchase Price - Following a dividend distribution of 4 RMB per 10 shares in June 2025, the maximum repurchase price was adjusted from 11.50 HKD to 11.06 HKD per share [3]. - The adjusted repurchase price limit took effect on June 24, 2025 [3]. Group 3: Progress of Share Repurchase - As of August 31, 2025, the company has repurchased a total of 8,860,000 B-shares, representing approximately 1.32% of the total share capital [5]. - The highest transaction price during the repurchase was 9.00 HKD per share, while the lowest was 8.20 HKD per share, with a total transaction amount of 77,455,523 HKD [5]. Group 4: Compliance and Regulations - The company has adhered to the relevant regulations regarding the timing, quantity, and pricing of the share repurchase [6][8]. - The company has not repurchased shares during periods that could significantly impact the stock price or during other restricted periods as defined by regulatory authorities [7].