贵州茅台，大动作

Group 1 - The company plans to repurchase shares worth between 1.5 billion to 3 billion yuan, with a maximum repurchase price of 1,887.63 yuan per share. The repurchased shares will be used for cancellation and reduction of registered capital. This plan requires approval from the shareholders' meeting, which carries the risk of not being passed [1] Group 2 - The company announced a mid-term profit distribution plan for 2025, proposing a cash dividend of 23.957 yuan per share (including tax), totaling approximately 30 billion yuan (including tax). This plan also requires approval from the shareholders' meeting [4]