Anhui Kouzi Distillery Co., Ltd. commences an Equity Buyback Plan for CNY 200 million worth of its shares, under the authorization approved on April 10, 2020.
June 12, 2020
Share
Anhui Kouzi Distillery Co., Ltd. (SHSE:603589) commences share repurchases on June 12, 2020, under the program mandated by the shareholders in the Special Shareholder Meeting held on April 10, 2020. As per the mandate, the company is authorized to repurchase up to CNY 400 million worth of shares. The shares will be repurchased at a price of not more than CNY 50 per share and after the implementation of the 2019 annual equity distribution plan, the repurchase price will be adjusted to no more than RMB 48.50 per share. The repurchased shares will be used in the company's equity incentive plan. The program will be funded out of the company's own funds. The plan will be valid for 12 months from approval.
Anhui Kouzi Distillery Co., Ltd. is a China-bases company principally engaged in the production and sale of liquor. The Company owns liquor series products under the brands of Kouzijiao, Laokouzi, Kouzifang, and Kouzimeijiu, among others. The Company operates its business within domestic market.
Anhui Kouzi Distillery Co., Ltd. commences an Equity Buyback Plan for CNY 200 million worth of its shares, under the authorization approved on April 10, 2020.
ANHUI KOUZI DISTILLERY CO., LTD. 
