Wuliangye Has Repurchased 16.13M Shares for About RMB 1.2B

The scale of the remaining authorization is the real signal here: with only a fraction of the disclosed 8–10 billion yuan program deployed, Wuliangye retains substantial firepower to keep buying. That matters for how the float and shareholder-return profile evolve over coming periods, and it puts the pace of execution — not the headline repurchase number — at the center of the story. Whether the company accelerates toward the upper end of the plan is the open question.