KWEICHOW MOUTAI(SH:600519) Di Yi Cai Jing·2025-09-05 11:47Core Viewpoint - Guizhou Moutai has received a loan commitment from Agricultural Bank of China to support its controlling shareholder's stock buyback plan, with a loan amount not exceeding RMB 2.7 billion [2][4]. Group 1: Loan Commitment and Terms - The loan from Agricultural Bank of China is intended to support the stock buyback by Guizhou Moutai's controlling shareholder, Moutai Group, with a maximum amount of RMB 2.7 billion [2]. - The loan has a term of three years and is specifically designated for the purpose of increasing the company's stock holdings [2][4]. - The implementation of the loan is subject to the fulfillment of conditions recognized by Agricultural Bank and regulatory requirements [4]. Group 2: Stock Buyback Plan - Moutai Group plans to increase its shareholding in Guizhou Moutai between September 1, 2025, and February 28, 2026, with a total investment of no less than RMB 3 billion and no more than RMB 3.3 billion [4]. - The funding for the buyback will come from both self-owned and self-raised funds [4]. - There is no set price range for the buyback, allowing Moutai Group to act based on market conditions and the company's stock price [5]. Group 3: Recent Buyback Activity - On September 1, Moutai Group executed a buyback of 67,800 shares, representing 0.0054% of the total share capital, with an investment of approximately RMB 100 million [5]. - Moutai Group has committed not to reduce its shareholdings during the buyback period and the statutory timeframe [5].