茅台董事长，最新发声！

Core Viewpoint - Guizhou Moutai's stock price has shown slight weakness this year, with a cumulative decline of 2.96% since the beginning of the year, prompting the company to implement a share buyback and mid-term dividend strategy to demonstrate confidence in its development [2][12]. Group 1: Shareholder Meeting Highlights - Chen Hua, the Secretary of the Party Committee and Chairman of Moutai Group, made his first appearance at the shareholder meeting, expressing gratitude to shareholders for their rationality and responsibility [5]. - The meeting reviewed six proposals, including the election of directors, the mid-term profit distribution plan, and a share buyback plan [4]. - Chen emphasized that Moutai's shareholders are rational and responsible, contributing to the company's status as a "value benchmark" in the capital market [5]. Group 2: Industry Insights - Chen noted that the liquor industry has entered a phase of "stock competition" and deep adjustment, but Moutai's opportunities outweigh challenges, with confidence stemming from three main factors: the large domestic market, the deep cultural heritage of the liquor industry, and Moutai's strong resilience [5]. - The company plans to strengthen efforts against counterfeiting, particularly in response to issues identified on platforms like Douyin [6]. Group 3: Financial Strategies - Moutai announced a share buyback plan using its own funds, with an amount ranging from 1.5 billion to 3 billion yuan, and a maximum repurchase price of 1887.63 yuan per share [10]. - The mid-term dividend plan includes a cash dividend of 23.957 yuan per share, totaling approximately 30 billion yuan [11]. - Analysts view the combination of share buyback and mid-term dividends as a sign of Moutai's confidence and commitment to shareholder returns, with expectations for demand recovery in the liquor market [12].