Securities Code: 000858 Securities Abbreviation: Wuliangye Announcement Number: 2026/No. 012
Announcement on the Plan for Repurchasing Company Shares Through Centralized Bidding Transactions
The Company and the entire Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false records, misleading statements, or significant omissions.
Key Information Highlights: I. Basic情况 of the Repurchase Plan
- Repurchase Amount: Not less than RMB 8 billion (inclusive) and not exceeding RMB 10 billion (inclusive). The specific total repurchase amount shall be based on the actual funds used for repurchasing shares upon completion of the repurchase plan or expiration of the repurchase period.
- Source of Funds for Repurchase: The Company's own funds.
- Purpose of Repurchase: The repurchased shares will be used to reduce the Company's registered capital.
- Repurchase Price: Not exceeding RMB 153.59 per share (inclusive) (not higher than 150% of the average trading price of the Company's shares in the 30 trading days prior to the resolution of the Board of Directors to repurchase shares).
- Method of Repurchase: Centralized bidding transactions.
- Repurchase Period: Within 12 months from the date the repurchase plan is deliberated and approved by the Company's shareholders' meeting.
- Shareholder Reduction Plans: As of the disclosure date of this announcement, the Company's directors, senior management, controlling shareholders, and shareholders holding more than 5% of the Company's shares and their concerted parties have no plans to reduce their holdings in the next three months or the next six months. If relevant parties plan to reduce their holdings in the future, the Company will strictly comply with relevant laws and regulations and fulfill information disclosure obligations in a timely manner.
II. Risk Warning
- This share repurchase plan needs to be submitted to the Company's shareholders' meeting for deliberation and approval, and there is a risk of it not being approved.
- There is a risk that the Company's stock price may continuously exceed the price range determined by the repurchase plan during the repurchase period, which may lead to the inability to smoothly implement the repurchase plan.
- If any major event occurs that has a significant impact on the Company's stock trading price, or other events that lead to the inability to implement this repurchase plan, there is a risk that the repurchase plan cannot be smoothly implemented or may be amended or terminated according to relevant regulations.
According to the Company Law of the People's Republic of China, the Rules Governing the Repurchase of Shares by Listed Companies, the Shenzhen Stock Exchange Stock Listing Rules, the Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guide No. 9—Share Repurchases, and other relevant laws, regulations, normative documents, and the Articles of Association, Yibin Wuliangye Co., Ltd. (hereinafter referred to as Wuliangye or the Company) intends to implement a share repurchase through centralized bidding transactions for the purpose of reducing registered capital. The relevant matters are hereby announced as follows:
I. Main Content of the Share Repurchase Plan (I) Purpose of Share Repurchase To protect the interests of the Company and its shareholders, enhance investor confidence, and ensure that the Company's normal operations and long-term development are not affected, in accordance with the relevant regulations of the China Securities Regulatory Commission and the Shenzhen Stock Exchange, the Company intends to use its own funds to repurchase shares, which will be used to reduce the Company's registered capital.
(II) Method and Purpose of Share Repurchase The method of share repurchase by the Company this time is to repurchase the Company's A-share shares through centralized bidding transactions on the Shenzhen Stock Exchange trading system. The repurchased shares will be used to reduce registered capital.