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Home › Companies › Kweichow Moutai Co., Ltd. › 2025-2026

Kweichow Moutai Co., Ltd. 2025-2026 Proxy Voting Records

At Kweichow Moutai Co., Ltd.'s 2 shareholder meetings in the 2025-2026 proxy season (held November 28, 2025 and June 11, 2026), 73 asset managers reported how they voted in their SEC Form N-PX filings, covering 4,747 separate fund positions. Their filings are grouped here into 70 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — Amend Related Party Transaction Decision-Making System — the reporting funds cast 45.1% of the shares they voted in favour (FOR divided by FOR plus AGAINST plus WITHHELD; abstained and unvoted shares are excluded because neither took a side). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

Download data (CSV): ballot items · votes by manager · column guide.

Compiled from SEC Form N-PX filings. Page generated November 8, 2026.

  • 70Reported items
  • 73Asset managers
  • 4,747Fund votes
  • November 28, 2025Main meeting date

Results at a glance

No official results are on file for this meeting: no Form 8-K tally (Item 5.07) from Kweichow Moutai Co., Ltd. has been matched to it. The figures below are the funds’ own votes from Form N-PX. They are not the meeting result, so they are not used to judge dissent.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore Kweichow Moutai Co., Ltd. in the interactive database Compare manager voting policies

How asset managers voted at the Kweichow Moutai Co., Ltd. 2025-2026 meetings

Each item below shows how the 73 asset managers that disclosed a Kweichow Moutai Co., Ltd. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of Kweichow Moutai Co., Ltd.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Elect Chen Hua as Non-independent Director

No official resultsDIRECTOR ELECTIONS

Meeting held November 28, 2025; no official results are on file for this meeting.

99.8% of fund votes cast · no official result

FOR
Details: votes by 52 asset managers

The 52 asset managers below reported 12,194,931 for, 24,400 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 12,194,931AGAINST: 24,400
Largest asset managers voting on “Elect Chen Hua as Non-independent Director” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group2,978,3300 00For
Vanguard2,966,1010 00For
EUPAC FUND2,107,4090 00For
Fidelity1,737,8420 00For
MFS925,1840 00For
T. Rowe Price254,5440 00For
State Street167,3270 00For
INTERNATIONAL GROWTH & INCOME FUND134,4270 00For
Morgan Stanley130,6510 00For
TIAA130,2860 00For
Dimensional129,0940 00For
DWS89,4010 00For
Goldman Sachs78,1780 00For
JPMorgan62,3120 00For
Northwestern Mutual53,5730 00For
Thornburg43,2530 00For
Columbia Threadneedle31,9010 00For
Brinker Capital Destinations Trust22,1650 00For
Principal18,9200 00For
Northern Trust18,5950 00For
Empower16,2000 00For
Transamerica12,9100 00For
Allspring12,3100 00For
Catholic Responsible Investments Funds011,500 00Against
MATTHEWS INTERNATIONAL FUNDS9,6000 00For

Showing the 25 largest of 52 asset managers. All 52 are in the interactive database (link above).

2. Elect Chen Hua as Director

No official resultsDIRECTOR ELECTIONS

Meeting held June 11, 2026; no official results are on file for this meeting.

99.8% of fund votes cast · no official result

FOR
Details: votes by 48 asset managers

The 48 asset managers below reported 9,364,022 for, 9,900 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 9,364,022AGAINST: 9,900
Largest asset managers voting on “Elect Chen Hua as Director” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard2,777,0440 00For
Fidelity1,750,0760 00For
BlackRock1,515,1750 00For
Capital Group1,215,3320 00For
Thornburg500,7980 00For
MFS413,7840 00For
Dimensional176,0610 00For
State Street168,4270 00For
Goldman Sachs149,8760 00For
EUPAC FUND140,8790 00For
JPMorgan107,7120 00For
TIAA81,1350 00For
Northwestern Mutual62,1230 00For
Morgan Stanley46,8200 00For
Aberdeen42,5000 00For
Empower32,3000 00For
Columbia Threadneedle28,1320 00For
Transamerica28,0100 00For
TEMPLETON DRAGON FUND INC23,4000 00For
Northern Trust19,4950 00For
Invesco09,900 00Against
Franklin Templeton9,7300 00For
Allspring8,7920 00For
MASTER INVESTMENT PORTFOLIO7,8160 00For
Eaton Vance7,8100 00For

Showing the 25 largest of 48 asset managers. All 48 are in the interactive database (link above).

3. Elect Guo Tianyong as Director

No official resultsDIRECTOR ELECTIONS

Meeting held June 11, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 48 asset managers

The 48 asset managers below reported 9,373,922 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 9,373,922
Largest asset managers voting on “Elect Guo Tianyong as Director” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard2,777,0440 00For
Fidelity1,750,0760 00For
BlackRock1,515,1750 00For
Capital Group1,215,3320 00For
Thornburg500,7980 00For
MFS413,7840 00For
Dimensional176,0610 00For
State Street168,4270 00For
Goldman Sachs149,8760 00For
EUPAC FUND140,8790 00For
JPMorgan107,7120 00For
TIAA81,1350 00For
Northwestern Mutual62,1230 00For
Morgan Stanley46,8200 00For
Aberdeen42,5000 00For
Empower32,3000 00For
Columbia Threadneedle28,1320 00For
Transamerica28,0100 00For
TEMPLETON DRAGON FUND INC23,4000 00For
Northern Trust19,4950 00For
Invesco9,9000 00For
Franklin Templeton9,7300 00For
Allspring8,7920 00For
MASTER INVESTMENT PORTFOLIO7,8160 00For
Eaton Vance7,8100 00For

Showing the 25 largest of 48 asset managers. All 48 are in the interactive database (link above).

4. Elect Sheng Leiming as Director

No official resultsDIRECTOR ELECTIONS

Meeting held June 11, 2026; no official results are on file for this meeting.

99.8% of fund votes cast · no official result

FOR
Details: votes by 48 asset managers

The 48 asset managers below reported 9,364,022 for, 9,900 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 9,364,022AGAINST: 9,900
Largest asset managers voting on “Elect Sheng Leiming as Director” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard2,777,0440 00For
Fidelity1,750,0760 00For
BlackRock1,515,1750 00For
Capital Group1,215,3320 00For
Thornburg500,7980 00For
MFS413,7840 00For
Dimensional176,0610 00For
State Street168,4270 00For
Goldman Sachs149,8760 00For
EUPAC FUND140,8790 00For
JPMorgan107,7120 00For
TIAA81,1350 00For
Northwestern Mutual62,1230 00For
Morgan Stanley46,8200 00For
Aberdeen42,5000 00For
Empower32,3000 00For
Columbia Threadneedle28,1320 00For
Transamerica28,0100 00For
TEMPLETON DRAGON FUND INC23,4000 00For
Northern Trust19,4950 00For
Invesco09,900 00Against
Franklin Templeton9,7300 00For
Allspring8,7920 00For
MASTER INVESTMENT PORTFOLIO7,8160 00For
Eaton Vance7,8100 00For

Showing the 25 largest of 48 asset managers. All 48 are in the interactive database (link above).

5. Elect Wang Li as Director

No official resultsDIRECTOR ELECTIONS

Meeting held June 11, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 48 asset managers

The 48 asset managers below reported 9,373,922 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 9,373,922
Largest asset managers voting on “Elect Wang Li as Director” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard2,777,0440 00For
Fidelity1,750,0760 00For
BlackRock1,515,1750 00For
Capital Group1,215,3320 00For
Thornburg500,7980 00For
MFS413,7840 00For
Dimensional176,0610 00For
State Street168,4270 00For
Goldman Sachs149,8760 00For
EUPAC FUND140,8790 00For
JPMorgan107,7120 00For
TIAA81,1350 00For
Northwestern Mutual62,1230 00For
Morgan Stanley46,8200 00For
Aberdeen42,5000 00For
Empower32,3000 00For
Columbia Threadneedle28,1320 00For
Transamerica28,0100 00For
TEMPLETON DRAGON FUND INC23,4000 00For
Northern Trust19,4950 00For
Invesco9,9000 00For
Franklin Templeton9,7300 00For
Allspring8,7920 00For
MASTER INVESTMENT PORTFOLIO7,8160 00For
Eaton Vance7,8100 00For

Showing the 25 largest of 48 asset managers. All 48 are in the interactive database (link above).

6. Elect Wang Xin as Director

No official resultsDIRECTOR ELECTIONS

Meeting held June 11, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 48 asset managers

The 48 asset managers below reported 9,373,922 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 9,373,922
Largest asset managers voting on “Elect Wang Xin as Director” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard2,777,0440 00For
Fidelity1,750,0760 00For
BlackRock1,515,1750 00For
Capital Group1,215,3320 00For
Thornburg500,7980 00For
MFS413,7840 00For
Dimensional176,0610 00For
State Street168,4270 00For
Goldman Sachs149,8760 00For
EUPAC FUND140,8790 00For
JPMorgan107,7120 00For
TIAA81,1350 00For
Northwestern Mutual62,1230 00For
Morgan Stanley46,8200 00For
Aberdeen42,5000 00For
Empower32,3000 00For
Columbia Threadneedle28,1320 00For
Transamerica28,0100 00For
TEMPLETON DRAGON FUND INC23,4000 00For
Northern Trust19,4950 00For
Invesco9,9000 00For
Franklin Templeton9,7300 00For
Allspring8,7920 00For
MASTER INVESTMENT PORTFOLIO7,8160 00For
Eaton Vance7,8100 00For

Showing the 25 largest of 48 asset managers. All 48 are in the interactive database (link above).

7. Elect Zhou Xue as Director

No official resultsDIRECTOR ELECTIONS

Meeting held June 11, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 48 asset managers

The 48 asset managers below reported 9,373,922 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 9,373,922
Largest asset managers voting on “Elect Zhou Xue as Director” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard2,777,0440 00For
Fidelity1,750,0760 00For
BlackRock1,515,1750 00For
Capital Group1,215,3320 00For
Thornburg500,7980 00For
MFS413,7840 00For
Dimensional176,0610 00For
State Street168,4270 00For
Goldman Sachs149,8760 00For
EUPAC FUND140,8790 00For
JPMorgan107,7120 00For
TIAA81,1350 00For
Northwestern Mutual62,1230 00For
Morgan Stanley46,8200 00For
Aberdeen42,5000 00For
Empower32,3000 00For
Columbia Threadneedle28,1320 00For
Transamerica28,0100 00For
TEMPLETON DRAGON FUND INC23,4000 00For
Northern Trust19,4950 00For
Invesco9,9000 00For
Franklin Templeton9,7300 00For
Allspring8,7920 00For
MASTER INVESTMENT PORTFOLIO7,8160 00For
Eaton Vance7,8100 00For

Showing the 25 largest of 48 asset managers. All 48 are in the interactive database (link above).

8. ELECTION OF DIRECTOR: CHEN HUA

No official resultsDIRECTOR ELECTIONS

Meeting held June 11, 2026; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

97% of fund votes cast · no official result

FOR
Details: votes by 20 asset managers

The 20 asset managers below reported 1,123,929 for, 40,089 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,123,929AGAINST: 40,089
Largest asset managers voting on “ELECTION OF DIRECTOR: CHEN HUA” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
BAILLIE GIFFORD FUNDS327,1990 00For
Vanguard263,9590 00For
Advisors' Inner Circle Fund III173,8000 00For
Charles Schwab160,3000 00For
Investment Managers Series Trust44,5940 00For
Krane Shares Trust040,089 00Against
Brighthouse34,7000 00For
Jackson National30,5000 00For
John Hancock19,1920 00For
PACE SELECT ADVISORS TRUST16,1000 00For
OPTIMUM FUND TRUST12,8000 00For
Baillie Gifford Institutional Trust12,4000 00For
Morningstar Funds Trust8,4000 00For
Hartford4,3000 00For
Russell Investments3,3630 00For
Calamos3,3000 00For
BlackRock3,2240 00For
Loomis Sayles2,9000 00For
Neuberger Berman2,0980 00For
Venerable Variable Insurance Trust8000 00For

9. ELECTION OF DIRECTOR: ZHOU XUE

No official resultsDIRECTOR ELECTIONS

Meeting held June 11, 2026; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 20 asset managers

The 20 asset managers below reported 1,164,018 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,164,018
Largest asset managers voting on “ELECTION OF DIRECTOR: ZHOU XUE” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
BAILLIE GIFFORD FUNDS327,1990 00For
Vanguard263,9590 00For
Advisors' Inner Circle Fund III173,8000 00For
Charles Schwab160,3000 00For
Investment Managers Series Trust44,5940 00For
Krane Shares Trust40,0890 00For
Brighthouse34,7000 00For
Jackson National30,5000 00For
John Hancock19,1920 00For
PACE SELECT ADVISORS TRUST16,1000 00For
OPTIMUM FUND TRUST12,8000 00For
Baillie Gifford Institutional Trust12,4000 00For
Morningstar Funds Trust8,4000 00For
Hartford4,3000 00For
Russell Investments3,3630 00For
Calamos3,3000 00For
BlackRock3,2240 00For
Loomis Sayles2,9000 00For
Neuberger Berman2,0980 00For
Venerable Variable Insurance Trust8000 00For

10. ELECTION OF INDEPENDENT DIRECTOR: GUO TIANYONG

No official resultsDIRECTOR ELECTIONS

Meeting held June 11, 2026; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 20 asset managers

The 20 asset managers below reported 1,164,018 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,164,018
Largest asset managers voting on “ELECTION OF INDEPENDENT DIRECTOR: GUO TIANYONG” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
BAILLIE GIFFORD FUNDS327,1990 00For
Vanguard263,9590 00For
Advisors' Inner Circle Fund III173,8000 00For
Charles Schwab160,3000 00For
Investment Managers Series Trust44,5940 00For
Krane Shares Trust40,0890 00For
Brighthouse34,7000 00For
Jackson National30,5000 00For
John Hancock19,1920 00For
PACE SELECT ADVISORS TRUST16,1000 00For
OPTIMUM FUND TRUST12,8000 00For
Baillie Gifford Institutional Trust12,4000 00For
Morningstar Funds Trust8,4000 00For
Hartford4,3000 00For
Russell Investments3,3630 00For
Calamos3,3000 00For
BlackRock3,2240 00For
Loomis Sayles2,9000 00For
Neuberger Berman2,0980 00For
Venerable Variable Insurance Trust8000 00For

11. ELECTION OF INDEPENDENT DIRECTOR: SHENG LEIMING

No official resultsDIRECTOR ELECTIONS

Meeting held June 11, 2026; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 20 asset managers

The 20 asset managers below reported 1,164,018 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,164,018
Largest asset managers voting on “ELECTION OF INDEPENDENT DIRECTOR: SHENG LEIMING” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
BAILLIE GIFFORD FUNDS327,1990 00For
Vanguard263,9590 00For
Advisors' Inner Circle Fund III173,8000 00For
Charles Schwab160,3000 00For
Investment Managers Series Trust44,5940 00For
Krane Shares Trust40,0890 00For
Brighthouse34,7000 00For
Jackson National30,5000 00For
John Hancock19,1920 00For
PACE SELECT ADVISORS TRUST16,1000 00For
OPTIMUM FUND TRUST12,8000 00For
Baillie Gifford Institutional Trust12,4000 00For
Morningstar Funds Trust8,4000 00For
Hartford4,3000 00For
Russell Investments3,3630 00For
Calamos3,3000 00For
BlackRock3,2240 00For
Loomis Sayles2,9000 00For
Neuberger Berman2,0980 00For
Venerable Variable Insurance Trust8000 00For

12. ELECTION OF INDEPENDENT DIRECTOR: WANG XIN

No official resultsDIRECTOR ELECTIONS

Meeting held June 11, 2026; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 20 asset managers

The 20 asset managers below reported 1,164,018 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,164,018
Largest asset managers voting on “ELECTION OF INDEPENDENT DIRECTOR: WANG XIN” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
BAILLIE GIFFORD FUNDS327,1990 00For
Vanguard263,9590 00For
Advisors' Inner Circle Fund III173,8000 00For
Charles Schwab160,3000 00For
Investment Managers Series Trust44,5940 00For
Krane Shares Trust40,0890 00For
Brighthouse34,7000 00For
Jackson National30,5000 00For
John Hancock19,1920 00For
PACE SELECT ADVISORS TRUST16,1000 00For
OPTIMUM FUND TRUST12,8000 00For
Baillie Gifford Institutional Trust12,4000 00For
Morningstar Funds Trust8,4000 00For
Hartford4,3000 00For
Russell Investments3,3630 00For
Calamos3,3000 00For
BlackRock3,2240 00For
Loomis Sayles2,9000 00For
Neuberger Berman2,0980 00For
Venerable Variable Insurance Trust8000 00For

13. Approve Amendments to Articles of Association and Its Annexes

No official resultsCORPORATE GOVERNANCE

Meeting held November 28, 2025; no official results are on file for this meeting.

0.9% of fund votes cast · no official result

AGAINST
Details: votes by 52 asset managers

The 52 asset managers below reported 105,837 for, 11,851,285 against, 262,209 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 105,837AGAINST: 11,851,285ABSTAIN: 262,209
Largest asset managers voting on “Approve Amendments to Articles of Association and Its Annexes” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group02,978,330 00Against
Vanguard02,966,101 00Against
EUPAC FUND02,107,409 00Against
Fidelity01,737,842 00Against
MFS0925,184 00Against
T. Rowe Price00 254,5440Abstain
State Street0167,327 00Against
INTERNATIONAL GROWTH & INCOME FUND0134,427 00Against
Morgan Stanley2,088128,563 00Against
TIAA0130,286 00Against
Dimensional0129,094 00Against
DWS089,401 00Against
Goldman Sachs078,178 00Against
JPMorgan62,3120 00For
Northwestern Mutual053,573 00Against
Thornburg043,253 00Against
Columbia Threadneedle031,901 00Against
Brinker Capital Destinations Trust17,3000 4,8650Mixed
Principal018,920 00Against
Northern Trust018,595 00Against
Empower016,200 00Against
Transamerica012,910 00Against
Allspring012,310 00Against
Catholic Responsible Investments Funds011,500 00Against
MATTHEWS INTERNATIONAL FUNDS9,6000 00For

Showing the 25 largest of 52 asset managers. All 52 are in the interactive database (link above).

14. Amendments to the company's articles of association and its annexes

No official resultsCORPORATE GOVERNANCE

Meeting held November 28, 2025; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

99% of fund votes cast · no official result

FOR
Details: description as filed, votes by 20 asset managers

Description as filed by funds: AMENDMENTS TO THE COMPANY'S ARTICLES OF ASSOCIATION AND ITS ANNEXES

The 20 asset managers below reported 2,622,989 for, 26,892 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 2,622,989AGAINST: 26,892
Largest asset managers voting on “AMENDMENTS TO THE COMPANY'S ARTICLES OF ASSOCIATION AND ITS ANNEXES” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock1,407,0120 00For
BAILLIE GIFFORD FUNDS462,1170 00For
Vanguard312,7440 00For
Charles Schwab149,8000 00For
Advisors' Inner Circle Fund III129,7000 00For
Krane Shares Trust53,7890 00For
Brighthouse40,2000 00For
John Hancock018,492 00Against
PACE SELECT ADVISORS TRUST16,1000 00For
OPTIMUM FUND TRUST14,2000 00For
Jackson National3,1008,400 00Mixed
Russell Investments10,2630 00For
Morningstar Funds Trust7,9000 00For
MASTER INVESTMENT PORTFOLIO4,8160 00For
Calamos3,3000 00For
Loomis Sayles3,2000 00For
Hartford2,9000 00For
Neuberger Berman8480 00For
Venerable Variable Insurance Trust8000 00For
Investment Managers Series Trust2000 00For

15. Approve Abolition of the Supervisory Board

No official resultsCORPORATE GOVERNANCE

Meeting held November 28, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 52 asset managers

The 52 asset managers below reported 12,219,331 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 12,219,331
Largest asset managers voting on “Approve Abolition of the Supervisory Board” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group2,978,3300 00For
Vanguard2,966,1010 00For
EUPAC FUND2,107,4090 00For
Fidelity1,737,8420 00For
MFS925,1840 00For
T. Rowe Price254,5440 00For
State Street167,3270 00For
INTERNATIONAL GROWTH & INCOME FUND134,4270 00For
Morgan Stanley130,6510 00For
TIAA130,2860 00For
Dimensional129,0940 00For
DWS89,4010 00For
Goldman Sachs78,1780 00For
JPMorgan62,3120 00For
Northwestern Mutual53,5730 00For
Thornburg43,2530 00For
Columbia Threadneedle31,9010 00For
Brinker Capital Destinations Trust22,1650 00For
Principal18,9200 00For
Northern Trust18,5950 00For
Empower16,2000 00For
Transamerica12,9100 00For
Allspring12,3100 00For
Catholic Responsible Investments Funds11,5000 00For
MATTHEWS INTERNATIONAL FUNDS9,6000 00For

Showing the 25 largest of 52 asset managers. All 52 are in the interactive database (link above).

16. Approve Report of the Independent Directors

No official resultsCORPORATE GOVERNANCE

Meeting held June 11, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 48 asset managers

The 48 asset managers below reported 9,373,922 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 9,373,922
Largest asset managers voting on “Approve Report of the Independent Directors” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard2,777,0440 00For
Fidelity1,750,0760 00For
BlackRock1,515,1750 00For
Capital Group1,215,3320 00For
Thornburg500,7980 00For
MFS413,7840 00For
Dimensional176,0610 00For
State Street168,4270 00For
Goldman Sachs149,8760 00For
EUPAC FUND140,8790 00For
JPMorgan107,7120 00For
TIAA81,1350 00For
Northwestern Mutual62,1230 00For
Morgan Stanley46,8200 00For
Aberdeen42,5000 00For
Empower32,3000 00For
Columbia Threadneedle28,1320 00For
Transamerica28,0100 00For
TEMPLETON DRAGON FUND INC23,4000 00For
Northern Trust19,4950 00For
Invesco9,9000 00For
Franklin Templeton9,7300 00For
Allspring8,7920 00For
MASTER INVESTMENT PORTFOLIO7,8160 00For
Eaton Vance7,8100 00For

Showing the 25 largest of 48 asset managers. All 48 are in the interactive database (link above).

17. Approve Trademark Licensing Agreement

No official resultsCORPORATE GOVERNANCE

Meeting held June 11, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 48 asset managers

The 48 asset managers below reported 9,373,922 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 9,373,922
Largest asset managers voting on “Approve Trademark Licensing Agreement” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard2,777,0440 00For
Fidelity1,750,0760 00For
BlackRock1,515,1750 00For
Capital Group1,215,3320 00For
Thornburg500,7980 00For
MFS413,7840 00For
Dimensional176,0610 00For
State Street168,4270 00For
Goldman Sachs149,8760 00For
EUPAC FUND140,8790 00For
JPMorgan107,7120 00For
TIAA81,1350 00For
Northwestern Mutual62,1230 00For
Morgan Stanley46,8200 00For
Aberdeen42,5000 00For
Empower32,3000 00For
Columbia Threadneedle28,1320 00For
Transamerica28,0100 00For
TEMPLETON DRAGON FUND INC23,4000 00For
Northern Trust19,4950 00For
Invesco9,9000 00For
Franklin Templeton9,7300 00For
Allspring8,7920 00For
MASTER INVESTMENT PORTFOLIO7,8160 00For
Eaton Vance7,8100 00For

Showing the 25 largest of 48 asset managers. All 48 are in the interactive database (link above).

18. Abolishment of the supervisory committee

No official resultsCORPORATE GOVERNANCE

Meeting held November 28, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 20 asset managers

Description as filed by funds: ABOLISHMENT OF THE SUPERVISORY COMMITTEE

The 20 asset managers below reported 2,649,881 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 2,649,881
Largest asset managers voting on “ABOLISHMENT OF THE SUPERVISORY COMMITTEE” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock1,407,0120 00For
BAILLIE GIFFORD FUNDS462,1170 00For
Vanguard312,7440 00For
Charles Schwab149,8000 00For
Advisors' Inner Circle Fund III129,7000 00For
Krane Shares Trust53,7890 00For
Brighthouse40,2000 00For
John Hancock18,4920 00For
PACE SELECT ADVISORS TRUST16,1000 00For
OPTIMUM FUND TRUST14,2000 00For
Jackson National11,5000 00For
Russell Investments10,2630 00For
Morningstar Funds Trust7,9000 00For
MASTER INVESTMENT PORTFOLIO4,8160 00For
Calamos3,3000 00For
Loomis Sayles3,2000 00For
Hartford2,9000 00For
Neuberger Berman8480 00For
Venerable Variable Insurance Trust8000 00For
Investment Managers Series Trust2000 00For

19. Approve Arrangements for the Legal Cancellation of Shares After Repurchase

No official resultsCAPITAL STRUCTURE

Meeting held November 28, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 52 asset managers

The 52 asset managers below reported 12,219,331 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 12,219,331
Largest asset managers voting on “Approve Arrangements for the Legal Cancellation of Shares After Repurchase” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group2,978,3300 00For
Vanguard2,966,1010 00For
EUPAC FUND2,107,4090 00For
Fidelity1,737,8420 00For
MFS925,1840 00For
T. Rowe Price254,5440 00For
State Street167,3270 00For
INTERNATIONAL GROWTH & INCOME FUND134,4270 00For
Morgan Stanley130,6510 00For
TIAA130,2860 00For
Dimensional129,0940 00For
DWS89,4010 00For
Goldman Sachs78,1780 00For
JPMorgan62,3120 00For
Northwestern Mutual53,5730 00For
Thornburg43,2530 00For
Columbia Threadneedle31,9010 00For
Brinker Capital Destinations Trust22,1650 00For
Principal18,9200 00For
Northern Trust18,5950 00For
Empower16,2000 00For
Transamerica12,9100 00For
Allspring12,3100 00For
Catholic Responsible Investments Funds11,5000 00For
MATTHEWS INTERNATIONAL FUNDS9,6000 00For

Showing the 25 largest of 52 asset managers. All 52 are in the interactive database (link above).

20. Approve Authorization of the Board to Handle Matters Related to the Share Repurchase

No official resultsCAPITAL STRUCTURE

Meeting held November 28, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 52 asset managers

The 52 asset managers below reported 12,219,331 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 12,219,331
Largest asset managers voting on “Approve Authorization of the Board to Handle Matters Related to the Share Repurchase” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group2,978,3300 00For
Vanguard2,966,1010 00For
EUPAC FUND2,107,4090 00For
Fidelity1,737,8420 00For
MFS925,1840 00For
T. Rowe Price254,5440 00For
State Street167,3270 00For
INTERNATIONAL GROWTH & INCOME FUND134,4270 00For
Morgan Stanley130,6510 00For
TIAA130,2860 00For
Dimensional129,0940 00For
DWS89,4010 00For
Goldman Sachs78,1780 00For
JPMorgan62,3120 00For
Northwestern Mutual53,5730 00For
Thornburg43,2530 00For
Columbia Threadneedle31,9010 00For
Brinker Capital Destinations Trust22,1650 00For
Principal18,9200 00For
Northern Trust18,5950 00For
Empower16,2000 00For
Transamerica12,9100 00For
Allspring12,3100 00For
Catholic Responsible Investments Funds11,5000 00For
MATTHEWS INTERNATIONAL FUNDS9,6000 00For

Showing the 25 largest of 52 asset managers. All 52 are in the interactive database (link above).

21. Approve Implementation Period of Share Repurchase

No official resultsCAPITAL STRUCTURE

Meeting held November 28, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 52 asset managers

The 52 asset managers below reported 12,219,331 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 12,219,331
Largest asset managers voting on “Approve Implementation Period of Share Repurchase” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group2,978,3300 00For
Vanguard2,966,1010 00For
EUPAC FUND2,107,4090 00For
Fidelity1,737,8420 00For
MFS925,1840 00For
T. Rowe Price254,5440 00For
State Street167,3270 00For
INTERNATIONAL GROWTH & INCOME FUND134,4270 00For
Morgan Stanley130,6510 00For
TIAA130,2860 00For
Dimensional129,0940 00For
DWS89,4010 00For
Goldman Sachs78,1780 00For
JPMorgan62,3120 00For
Northwestern Mutual53,5730 00For
Thornburg43,2530 00For
Columbia Threadneedle31,9010 00For
Brinker Capital Destinations Trust22,1650 00For
Principal18,9200 00For
Northern Trust18,5950 00For
Empower16,2000 00For
Transamerica12,9100 00For
Allspring12,3100 00For
Catholic Responsible Investments Funds11,5000 00For
MATTHEWS INTERNATIONAL FUNDS9,6000 00For

Showing the 25 largest of 52 asset managers. All 52 are in the interactive database (link above).

22. Approve Interim Profit Distribution

No official resultsCAPITAL STRUCTURE

Meeting held November 28, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 52 asset managers

The 52 asset managers below reported 12,219,331 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 12,219,331
Largest asset managers voting on “Approve Interim Profit Distribution” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group2,978,3300 00For
Vanguard2,966,1010 00For
EUPAC FUND2,107,4090 00For
Fidelity1,737,8420 00For
MFS925,1840 00For
T. Rowe Price254,5440 00For
State Street167,3270 00For
INTERNATIONAL GROWTH & INCOME FUND134,4270 00For
Morgan Stanley130,6510 00For
TIAA130,2860 00For
Dimensional129,0940 00For
DWS89,4010 00For
Goldman Sachs78,1780 00For
JPMorgan62,3120 00For
Northwestern Mutual53,5730 00For
Thornburg43,2530 00For
Columbia Threadneedle31,9010 00For
Brinker Capital Destinations Trust22,1650 00For
Principal18,9200 00For
Northern Trust18,5950 00For
Empower16,2000 00For
Transamerica12,9100 00For
Allspring12,3100 00For
Catholic Responsible Investments Funds11,5000 00For
MATTHEWS INTERNATIONAL FUNDS9,6000 00For

Showing the 25 largest of 52 asset managers. All 52 are in the interactive database (link above).

23. Approve Manner of Share Repurchase

No official resultsCAPITAL STRUCTURE

Meeting held November 28, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 52 asset managers

The 52 asset managers below reported 12,219,331 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 12,219,331
Largest asset managers voting on “Approve Manner of Share Repurchase” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group2,978,3300 00For
Vanguard2,966,1010 00For
EUPAC FUND2,107,4090 00For
Fidelity1,737,8420 00For
MFS925,1840 00For
T. Rowe Price254,5440 00For
State Street167,3270 00For
INTERNATIONAL GROWTH & INCOME FUND134,4270 00For
Morgan Stanley130,6510 00For
TIAA130,2860 00For
Dimensional129,0940 00For
DWS89,4010 00For
Goldman Sachs78,1780 00For
JPMorgan62,3120 00For
Northwestern Mutual53,5730 00For
Thornburg43,2530 00For
Columbia Threadneedle31,9010 00For
Brinker Capital Destinations Trust22,1650 00For
Principal18,9200 00For
Northern Trust18,5950 00For
Empower16,2000 00For
Transamerica12,9100 00For
Allspring12,3100 00For
Catholic Responsible Investments Funds11,5000 00For
MATTHEWS INTERNATIONAL FUNDS9,6000 00For

Showing the 25 largest of 52 asset managers. All 52 are in the interactive database (link above).

24. Approve Price of the Share Repurchase

No official resultsCAPITAL STRUCTURE

Meeting held November 28, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 52 asset managers

The 52 asset managers below reported 12,219,331 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 12,219,331
Largest asset managers voting on “Approve Price of the Share Repurchase” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group2,978,3300 00For
Vanguard2,966,1010 00For
EUPAC FUND2,107,4090 00For
Fidelity1,737,8420 00For
MFS925,1840 00For
T. Rowe Price254,5440 00For
State Street167,3270 00For
INTERNATIONAL GROWTH & INCOME FUND134,4270 00For
Morgan Stanley130,6510 00For
TIAA130,2860 00For
Dimensional129,0940 00For
DWS89,4010 00For
Goldman Sachs78,1780 00For
JPMorgan62,3120 00For
Northwestern Mutual53,5730 00For
Thornburg43,2530 00For
Columbia Threadneedle31,9010 00For
Brinker Capital Destinations Trust22,1650 00For
Principal18,9200 00For
Northern Trust18,5950 00For
Empower16,2000 00For
Transamerica12,9100 00For
Allspring12,3100 00For
Catholic Responsible Investments Funds11,5000 00For
MATTHEWS INTERNATIONAL FUNDS9,6000 00For

Showing the 25 largest of 52 asset managers. All 52 are in the interactive database (link above).

25. Approve Purpose of the Share Repurchase

No official resultsCAPITAL STRUCTURE

Meeting held November 28, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 52 asset managers

The 52 asset managers below reported 12,219,331 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 12,219,331
Largest asset managers voting on “Approve Purpose of the Share Repurchase” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group2,978,3300 00For
Vanguard2,966,1010 00For
EUPAC FUND2,107,4090 00For
Fidelity1,737,8420 00For
MFS925,1840 00For
T. Rowe Price254,5440 00For
State Street167,3270 00For
INTERNATIONAL GROWTH & INCOME FUND134,4270 00For
Morgan Stanley130,6510 00For
TIAA130,2860 00For
Dimensional129,0940 00For
DWS89,4010 00For
Goldman Sachs78,1780 00For
JPMorgan62,3120 00For
Northwestern Mutual53,5730 00For
Thornburg43,2530 00For
Columbia Threadneedle31,9010 00For
Brinker Capital Destinations Trust22,1650 00For
Principal18,9200 00For
Northern Trust18,5950 00For
Empower16,2000 00For
Transamerica12,9100 00For
Allspring12,3100 00For
Catholic Responsible Investments Funds11,5000 00For
MATTHEWS INTERNATIONAL FUNDS9,6000 00For

Showing the 25 largest of 52 asset managers. All 52 are in the interactive database (link above).

26. Approve Source of Funding for Share Repurchase

No official resultsCAPITAL STRUCTURE

Meeting held November 28, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 52 asset managers

The 52 asset managers below reported 12,219,331 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 12,219,331
Largest asset managers voting on “Approve Source of Funding for Share Repurchase” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group2,978,3300 00For
Vanguard2,966,1010 00For
EUPAC FUND2,107,4090 00For
Fidelity1,737,8420 00For
MFS925,1840 00For
T. Rowe Price254,5440 00For
State Street167,3270 00For
INTERNATIONAL GROWTH & INCOME FUND134,4270 00For
Morgan Stanley130,6510 00For
TIAA130,2860 00For
Dimensional129,0940 00For
DWS89,4010 00For
Goldman Sachs78,1780 00For
JPMorgan62,3120 00For
Northwestern Mutual53,5730 00For
Thornburg43,2530 00For
Columbia Threadneedle31,9010 00For
Brinker Capital Destinations Trust22,1650 00For
Principal18,9200 00For
Northern Trust18,5950 00For
Empower16,2000 00For
Transamerica12,9100 00For
Allspring12,3100 00For
Catholic Responsible Investments Funds11,5000 00For
MATTHEWS INTERNATIONAL FUNDS9,6000 00For

Showing the 25 largest of 52 asset managers. All 52 are in the interactive database (link above).

27. Approve Type of Share Repurchase

No official resultsCAPITAL STRUCTURE

Meeting held November 28, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 52 asset managers

The 52 asset managers below reported 12,219,331 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 12,219,331
Largest asset managers voting on “Approve Type of Share Repurchase” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group2,978,3300 00For
Vanguard2,966,1010 00For
EUPAC FUND2,107,4090 00For
Fidelity1,737,8420 00For
MFS925,1840 00For
T. Rowe Price254,5440 00For
State Street167,3270 00For
INTERNATIONAL GROWTH & INCOME FUND134,4270 00For
Morgan Stanley130,6510 00For
TIAA130,2860 00For
Dimensional129,0940 00For
DWS89,4010 00For
Goldman Sachs78,1780 00For
JPMorgan62,3120 00For
Northwestern Mutual53,5730 00For
Thornburg43,2530 00For
Columbia Threadneedle31,9010 00For
Brinker Capital Destinations Trust22,1650 00For
Principal18,9200 00For
Northern Trust18,5950 00For
Empower16,2000 00For
Transamerica12,9100 00For
Allspring12,3100 00For
Catholic Responsible Investments Funds11,5000 00For
MATTHEWS INTERNATIONAL FUNDS9,6000 00For

Showing the 25 largest of 52 asset managers. All 52 are in the interactive database (link above).

28. Approve Usage, Number, Proportion to the Total Share Capital and Total Capital of the Share Repurchase

No official resultsCAPITAL STRUCTURE

Meeting held November 28, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 52 asset managers

The 52 asset managers below reported 12,219,331 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 12,219,331
Largest asset managers voting on “Approve Usage, Number, Proportion to the Total Share Capital and Total Capital of the Share Repurchase” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group2,978,3300 00For
Vanguard2,966,1010 00For
EUPAC FUND2,107,4090 00For
Fidelity1,737,8420 00For
MFS925,1840 00For
T. Rowe Price254,5440 00For
State Street167,3270 00For
INTERNATIONAL GROWTH & INCOME FUND134,4270 00For
Morgan Stanley130,6510 00For
TIAA130,2860 00For
Dimensional129,0940 00For
DWS89,4010 00For
Goldman Sachs78,1780 00For
JPMorgan62,3120 00For
Northwestern Mutual53,5730 00For
Thornburg43,2530 00For
Columbia Threadneedle31,9010 00For
Brinker Capital Destinations Trust22,1650 00For
Principal18,9200 00For
Northern Trust18,5950 00For
Empower16,2000 00For
Transamerica12,9100 00For
Allspring12,3100 00For
Catholic Responsible Investments Funds11,5000 00For
MATTHEWS INTERNATIONAL FUNDS9,6000 00For

Showing the 25 largest of 52 asset managers. All 52 are in the interactive database (link above).

29. Approve 2025 Profit Distribution and 2026 Interim Profit Distribution

No official resultsCAPITAL STRUCTURE

Meeting held June 11, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 48 asset managers

The 48 asset managers below reported 9,373,922 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 9,373,922
Largest asset managers voting on “Approve 2025 Profit Distribution and 2026 Interim Profit Distribution” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard2,777,0440 00For
Fidelity1,750,0760 00For
BlackRock1,515,1750 00For
Capital Group1,215,3320 00For
Thornburg500,7980 00For
MFS413,7840 00For
Dimensional176,0610 00For
State Street168,4270 00For
Goldman Sachs149,8760 00For
EUPAC FUND140,8790 00For
JPMorgan107,7120 00For
TIAA81,1350 00For
Northwestern Mutual62,1230 00For
Morgan Stanley46,8200 00For
Aberdeen42,5000 00For
Empower32,3000 00For
Columbia Threadneedle28,1320 00For
Transamerica28,0100 00For
TEMPLETON DRAGON FUND INC23,4000 00For
Northern Trust19,4950 00For
Invesco9,9000 00For
Franklin Templeton9,7300 00For
Allspring8,7920 00For
MASTER INVESTMENT PORTFOLIO7,8160 00For
Eaton Vance7,8100 00For

Showing the 25 largest of 48 asset managers. All 48 are in the interactive database (link above).

30. Approve Report of the Board of Directors

No official resultsCORPORATE GOVERNANCE

Meeting held June 11, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 48 asset managers

The 48 asset managers below reported 9,373,922 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 9,373,922
Largest asset managers voting on “Approve Report of the Board of Directors” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard2,777,0440 00For
Fidelity1,750,0760 00For
BlackRock1,515,1750 00For
Capital Group1,215,3320 00For
Thornburg500,7980 00For
MFS413,7840 00For
Dimensional176,0610 00For
State Street168,4270 00For
Goldman Sachs149,8760 00For
EUPAC FUND140,8790 00For
JPMorgan107,7120 00For
TIAA81,1350 00For
Northwestern Mutual62,1230 00For
Morgan Stanley46,8200 00For
Aberdeen42,5000 00For
Empower32,3000 00For
Columbia Threadneedle28,1320 00For
Transamerica28,0100 00For
TEMPLETON DRAGON FUND INC23,4000 00For
Northern Trust19,4950 00For
Invesco9,9000 00For
Franklin Templeton9,7300 00For
Allspring8,7920 00For
MASTER INVESTMENT PORTFOLIO7,8160 00For
Eaton Vance7,8100 00For

Showing the 25 largest of 48 asset managers. All 48 are in the interactive database (link above).

31. Amend Related Party Transaction Decision-Making System

No official resultsCORPORATE GOVERNANCE

Meeting held November 28, 2025; no official results are on file for this meeting.

45.1% of fund votes cast · no official result

FORAGAINST
Details: votes by 52 asset managers

The 52 asset managers below reported 5,506,475 for, 6,712,856 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 5,506,475AGAINST: 6,712,856
Largest asset managers voting on “Amend Related Party Transaction Decision-Making System” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group2,978,3300 00For
Vanguard02,966,101 00Against
EUPAC FUND2,107,4090 00For
Fidelity01,737,842 00Against
MFS0925,184 00Against
T. Rowe Price254,5440 00For
State Street0167,327 00Against
INTERNATIONAL GROWTH & INCOME FUND134,4270 00For
Morgan Stanley0130,651 00Against
TIAA0130,286 00Against
Dimensional0129,094 00Against
DWS089,401 00Against
Goldman Sachs078,178 00Against
JPMorgan062,312 00Against
Northwestern Mutual053,573 00Against
Thornburg043,253 00Against
Columbia Threadneedle031,901 00Against
Brinker Capital Destinations Trust22,1650 00For
Principal018,920 00Against
Northern Trust018,595 00Against
Empower016,200 00Against
Transamerica012,910 00Against
Allspring012,310 00Against
Catholic Responsible Investments Funds011,500 00Against
MATTHEWS INTERNATIONAL FUNDS9,6000 00For

Showing the 25 largest of 52 asset managers. All 52 are in the interactive database (link above).

32. Amendments to the connected transaction decision-making system

No official resultsCORPORATE GOVERNANCE

Meeting held November 28, 2025; no official results are on file for this meeting.

45.5% of fund votes cast · no official result

FORAGAINST
Details: description as filed, votes by 20 asset managers

Description as filed by funds: AMENDMENTS TO THE CONNECTED TRANSACTION DECISION-MAKING SYSTEM

The 20 asset managers below reported 1,206,861 for, 1,443,020 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,206,861AGAINST: 1,443,020
Largest asset managers voting on “AMENDMENTS TO THE CONNECTED TRANSACTION DECISION-MAKING SYSTEM” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock01,407,012 00Against
BAILLIE GIFFORD FUNDS462,1170 00For
Vanguard312,7440 00For
Charles Schwab149,8000 00For
Advisors' Inner Circle Fund III129,7000 00For
Krane Shares Trust53,7890 00For
Brighthouse40,2000 00For
John Hancock018,492 00Against
PACE SELECT ADVISORS TRUST16,1000 00For
OPTIMUM FUND TRUST14,2000 00For
Jackson National2,0009,500 00Mixed
Russell Investments10,2630 00For
Morningstar Funds Trust7,9000 00For
MASTER INVESTMENT PORTFOLIO04,816 00Against
Calamos3,3000 00For
Loomis Sayles03,200 00Against
Hartford2,9000 00For
Neuberger Berman8480 00For
Venerable Variable Insurance Trust8000 00For
Investment Managers Series Trust2000 00For

33. Approve to Formulate Management Measures for Remuneration and Performance Evaluation of Directors and Senior Management

No official resultsCOMPENSATIONCORPORATE GOVERNANCE

Meeting held June 11, 2026; no official results are on file for this meeting.

19% of fund votes cast · no official result

FORAGAINST
Details: votes by 48 asset managers

The 48 asset managers below reported 1,769,995 for, 7,587,744 against, 16,183 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,769,995AGAINST: 7,587,744ABSTAIN: 16,183
Largest asset managers voting on “Approve to Formulate Management Measures for Remuneration and Performance Evaluation of Directors and Senior M” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard02,777,044 00Against
Fidelity01,750,076 00Against
BlackRock01,515,175 00Against
Capital Group1,215,3320 00For
Thornburg0500,798 00Against
MFS413,7840 00For
Dimensional0176,061 00Against
State Street0168,427 00Against
Goldman Sachs0149,876 00Against
EUPAC FUND140,8790 00For
JPMorgan0107,712 00Against
TIAA081,135 00Against
Northwestern Mutual062,123 00Against
Morgan Stanley030,637 16,1830Mixed
Aberdeen042,500 00Against
Empower032,300 00Against
Columbia Threadneedle028,132 00Against
Transamerica028,010 00Against
TEMPLETON DRAGON FUND INC023,400 00Against
Northern Trust019,495 00Against
Invesco09,900 00Against
Franklin Templeton09,730 00Against
Allspring08,792 00Against
MASTER INVESTMENT PORTFOLIO07,816 00Against
Eaton Vance07,810 00Against

Showing the 25 largest of 48 asset managers. All 48 are in the interactive database (link above).

34. Interim profit distribution plan: the detailed profit distribution plan is as follows: 1) cash DIVIDEND/10…: none

No official resultsCAPITAL STRUCTURE

Meeting held November 28, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 13 asset managers

Description as filed by funds: INTERIM PROFIT DISTRIBUTION PLAN: THE DETAILED PROFIT DISTRIBUTION PLAN IS AS FOLLOWS: 1) CASH DIVIDEND/10 SHARES (TAX INCLUDED): CNY239.57000000 2) BONUS ISSUE FROM PROFIT (SHARE/10 SHARES): NONE 3) BONUS ISSUE FROM CAPITAL RESERVE (SHARE/10 SHARES): NONE

The 13 asset managers below reported 2,133,626 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 2,133,626
Largest asset managers voting on “INTERIM PROFIT DISTRIBUTION PLAN: THE DETAILED PROFIT DISTRIBUTION PLAN IS AS FOLLOWS: 1) CASH DIVIDEND/10 SHA” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock1,407,0120 00For
BAILLIE GIFFORD FUNDS462,1170 00For
Vanguard114,8000 00For
Krane Shares Trust53,7890 00For
Brighthouse40,2000 00For
John Hancock18,4920 00For
OPTIMUM FUND TRUST14,2000 00For
Jackson National11,5000 00For
MASTER INVESTMENT PORTFOLIO4,8160 00For
Calamos3,3000 00For
Loomis Sayles3,2000 00For
Investment Managers Series Trust2000 00For
Advisors' Inner Circle Fund III00 00--

35. Plan for the share repurchase by means of centralized bidding: arrangement for share cancellation in accordance with…

No official resultsCAPITAL STRUCTURE

Meeting held November 28, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 13 asset managers

Description as filed by funds: PLAN FOR THE SHARE REPURCHASE BY MEANS OF CENTRALIZED BIDDING: ARRANGEMENT FOR SHARE CANCELLATION IN ACCORDANCE WITH LAWS AFTER SHARE REPURCHASE

The 13 asset managers below reported 2,133,626 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 2,133,626
Largest asset managers voting on “PLAN FOR THE SHARE REPURCHASE BY MEANS OF CENTRALIZED BIDDING: ARRANGEMENT FOR SHARE CANCELLATION IN ACCORDANC” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock1,407,0120 00For
BAILLIE GIFFORD FUNDS462,1170 00For
Vanguard114,8000 00For
Krane Shares Trust53,7890 00For
Brighthouse40,2000 00For
John Hancock18,4920 00For
OPTIMUM FUND TRUST14,2000 00For
Jackson National11,5000 00For
MASTER INVESTMENT PORTFOLIO4,8160 00For
Calamos3,3000 00For
Loomis Sayles3,2000 00For
Investment Managers Series Trust2000 00For
Advisors' Inner Circle Fund III00 00--

36. Plan for the share repurchase by means of centralized bidding: method of the share repurchase

No official resultsCAPITAL STRUCTURE

Meeting held November 28, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 13 asset managers

Description as filed by funds: PLAN FOR THE SHARE REPURCHASE BY MEANS OF CENTRALIZED BIDDING: METHOD OF THE SHARE REPURCHASE

The 13 asset managers below reported 2,133,626 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 2,133,626
Largest asset managers voting on “PLAN FOR THE SHARE REPURCHASE BY MEANS OF CENTRALIZED BIDDING: METHOD OF THE SHARE REPURCHASE” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock1,407,0120 00For
BAILLIE GIFFORD FUNDS462,1170 00For
Vanguard114,8000 00For
Krane Shares Trust53,7890 00For
Brighthouse40,2000 00For
John Hancock18,4920 00For
OPTIMUM FUND TRUST14,2000 00For
Jackson National11,5000 00For
MASTER INVESTMENT PORTFOLIO4,8160 00For
Calamos3,3000 00For
Loomis Sayles3,2000 00For
Investment Managers Series Trust2000 00For
Advisors' Inner Circle Fund III00 00--

37. Plan for the share repurchase by means of centralized bidding: objective of the share repurchase

No official resultsCAPITAL STRUCTURE

Meeting held November 28, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 13 asset managers

Description as filed by funds: PLAN FOR THE SHARE REPURCHASE BY MEANS OF CENTRALIZED BIDDING: OBJECTIVE OF THE SHARE REPURCHASE

The 13 asset managers below reported 2,133,626 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 2,133,626
Largest asset managers voting on “PLAN FOR THE SHARE REPURCHASE BY MEANS OF CENTRALIZED BIDDING: OBJECTIVE OF THE SHARE REPURCHASE” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock1,407,0120 00For
BAILLIE GIFFORD FUNDS462,1170 00For
Vanguard114,8000 00For
Krane Shares Trust53,7890 00For
Brighthouse40,2000 00For
John Hancock18,4920 00For
OPTIMUM FUND TRUST14,2000 00For
Jackson National11,5000 00For
MASTER INVESTMENT PORTFOLIO4,8160 00For
Calamos3,3000 00For
Loomis Sayles3,2000 00For
Investment Managers Series Trust2000 00For
Advisors' Inner Circle Fund III00 00--

38. Plan for the share repurchase by means of centralized bidding: price of the shares to be repurchased

No official resultsCAPITAL STRUCTURE

Meeting held November 28, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 13 asset managers

Description as filed by funds: PLAN FOR THE SHARE REPURCHASE BY MEANS OF CENTRALIZED BIDDING: PRICE OF THE SHARES TO BE REPURCHASED

The 13 asset managers below reported 2,133,626 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 2,133,626
Largest asset managers voting on “PLAN FOR THE SHARE REPURCHASE BY MEANS OF CENTRALIZED BIDDING: PRICE OF THE SHARES TO BE REPURCHASED” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock1,407,0120 00For
BAILLIE GIFFORD FUNDS462,1170 00For
Vanguard114,8000 00For
Krane Shares Trust53,7890 00For
Brighthouse40,2000 00For
John Hancock18,4920 00For
OPTIMUM FUND TRUST14,2000 00For
Jackson National11,5000 00For
MASTER INVESTMENT PORTFOLIO4,8160 00For
Calamos3,3000 00For
Loomis Sayles3,2000 00For
Investment Managers Series Trust2000 00For
Advisors' Inner Circle Fund III00 00--

39. Plan for the share repurchase by means of centralized bidding: purpose, number and percentage to the total capital of…

No official resultsCAPITAL STRUCTURE

Meeting held November 28, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 13 asset managers

Description as filed by funds: PLAN FOR THE SHARE REPURCHASE BY MEANS OF CENTRALIZED BIDDING: PURPOSE, NUMBER AND PERCENTAGE TO THE TOTAL CAPITAL OF SHARES TO BE REPURCHASED AND TOTAL AMOUNT OF FUNDS

The 13 asset managers below reported 2,133,626 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 2,133,626
Largest asset managers voting on “PLAN FOR THE SHARE REPURCHASE BY MEANS OF CENTRALIZED BIDDING: PURPOSE, NUMBER AND PERCENTAGE TO THE TOTAL CAP” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock1,407,0120 00For
BAILLIE GIFFORD FUNDS462,1170 00For
Vanguard114,8000 00For
Krane Shares Trust53,7890 00For
Brighthouse40,2000 00For
John Hancock18,4920 00For
OPTIMUM FUND TRUST14,2000 00For
Jackson National11,5000 00For
MASTER INVESTMENT PORTFOLIO4,8160 00For
Calamos3,3000 00For
Loomis Sayles3,2000 00For
Investment Managers Series Trust2000 00For
Advisors' Inner Circle Fund III00 00--

40. Approve to Appoint Financial Auditor and Internal Control Auditor

No official resultsAUDIT-RELATED

Meeting held June 11, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 48 asset managers

The 48 asset managers below reported 9,373,322 for, 600 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 9,373,322ABSTAIN: 600
Largest asset managers voting on “Approve to Appoint Financial Auditor and Internal Control Auditor” at Kweichow Moutai Co., Ltd., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard2,777,0440 00For
Fidelity1,750,0760 00For
BlackRock1,515,1750 00For
Capital Group1,215,3320 00For
Thornburg500,7980 00For
MFS413,7840 00For
Dimensional176,0610 00For
State Street168,4270 00For
Goldman Sachs149,8760 00For
EUPAC FUND140,8790 00For
JPMorgan107,7120 00For
TIAA81,1350 00For
Northwestern Mutual62,1230 00For
Morgan Stanley46,8200 00For
Aberdeen42,5000 00For
Empower32,3000 00For
Columbia Threadneedle28,1320 00For
Transamerica28,0100 00For
TEMPLETON DRAGON FUND INC23,4000 00For
Northern Trust19,4950 00For
Invesco9,9000 00For
Franklin Templeton9,7300 00For
Allspring8,7920 00For
MASTER INVESTMENT PORTFOLIO7,8160 00For
Eaton Vance7,8100 00For

Showing the 25 largest of 48 asset managers. All 48 are in the interactive database (link above).

Showing the 40 reported items with the widest manager coverage, of 70 in total. Every item is in the interactive database (link above).

Largest Kweichow Moutai Co., Ltd. shareholders voting in 2025-2026

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported.

Fund voting reports: top Kweichow Moutai Co., Ltd. shareholders by shares voted on “Amend Related Party Transaction Decision-Making System”, 2025-2026
#Asset manager Shares voted
1Capital Group 2,978,330
2Vanguard 2,966,101
3EUPAC FUND 2,107,409
4Fidelity 1,737,842
5MFS 925,184
6T. Rowe Price 254,544
7State Street 167,327
8INTERNATIONAL GROWTH & INCOME FUND 134,427
9Morgan Stanley 130,651
10TIAA 130,286

Shown as share counts, not percentages: no shares-outstanding figure has been matched to Kweichow Moutai Co., Ltd. for the 2025-2026 season, so there is no denominator to divide by.

Related

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. This page is a static snapshot rebuilt weekly on November 8, 2026; a live search always shows the current data.

Kweichow Moutai Co., Ltd. proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).

Cite this page

proxyvotesnow.com, “Kweichow Moutai Co., Ltd. 2025-2026 Shareholder Meetings: Vote Results”, https://proxyvotesnow.com/company/kweichow-moutai-co-ltd/2026 (version of November 9, 2026). Derived from SEC Form N-PX and Form 8-K filings; tables licensed CC BY 4.0. Licence: CC BY 4.0.