According to the announcement by Kweichow Moutai (600519.SH) on the share repurchase of the top ten shareholders and the top ten unrestricted shareholders, the company held the fourth session of the board of directors for the 2024 annual eleventh meeting on September 20, 2024, approving the "Proposal on Repurchasing Company Shares through Centralized Competitive Trading", for specific details please refer to the announcement titled "Announcement on Proposal for Repurchasing Company Shares through Centralized Competitive Trading" disclosed on the Shanghai Stock Exchange website on September 21, 2024 (Announcement No.: Lin2024-025).

In accordance with the relevant regulations such as the "Rules on Share Repurchases by Listed Companies" and the "Shanghai Stock Exchange Listing Company Self-discipline Supervision Guidelines No. 7 - Share Repurchases", the announcement discloses the names, shareholding quantities, and proportion of the top ten shareholders and top ten unrestricted shareholders registered on the day prior to the board resolution on share repurchases (i.e., September 20, 2024).

The announcement revealed that several index funds among the top ten shareholders of the company experienced changes in shareholding quantities and proportions. For instance, the Industrial and Commercial Bank of China – SSE 50 Exchange Traded Open-end Index Securities Investment Fund held 12.2001 million shares, accounting for 0.97% of the total share capital; Industrial and Commercial Bank of China Co., Ltd. – Huatai Bairui CSI 300 Exchange Traded Open-end Index Securities Investment Fund held 10.9278 million shares, accounting for 0.87% of the total share capital; China Construction Bank Co., Ltd. – E Fund Hushen 300 Exchange Traded Open-end Index Launching Securities Investment Fund held 7.5706 million shares, accounting for 0.60% of the total share capital. All of them increased their holdings compared to the end of the second quarter, with the estimated increased shareholding market cap exceeding one hundred billion yuan.