贵州茅台，连发重要公告

Group 1 - The company plans to repurchase shares through centralized bidding, with a total fund amount not less than 1.5 billion and not exceeding 3 billion, and the repurchase price will not exceed 1887.63 yuan per share [2] - The repurchased shares will be used for cancellation and reduction of the company's registered capital, and the repurchase plan is subject to approval by the shareholders' meeting, which carries the risk of not being approved [4] Group 2 - The company announced the 2025 interim profit distribution plan, which was approved at the 14th meeting of the fourth board of directors held on November 4, 2025 [6] - The profit distribution plan proposes a cash dividend of 23.957 yuan per share (including tax), with a total cash dividend of approximately 30.001 billion yuan (including tax), which also requires approval from the shareholders' meeting [9]