--- title: "EASTROC BEVERAGE has been listed for nearly 5 years, and the Lin family has not reduced their shareholding" type: "News" locale: "en" url: "https://longbridge.com/en/news/281880978.md" description: "EASTROC BEVERAGE announced a share repurchase plan of 2 billion yuan on April 2, with 90% of the plan intended for cancellation, demonstrating the management's confidence in the company's future development. The upper limit for the repurchase price is 248 yuan per share, significantly higher than the current stock price. The Lin family has not reduced their holdings since the company went public nearly 5 years ago, indicating a stable shareholding structure that reflects alignment of interests between management and shareholders. Since its listing, the company has distributed cash dividends exceeding 6.6 billion yuan and is expected to continue dividends of over 1.4 billion yuan in 2025, showcasing strong return capabilities" datetime: "2026-04-07T12:14:14.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281880978.md) - [en](https://longbridge.com/en/news/281880978.md) - [zh-HK](https://longbridge.com/zh-HK/news/281880978.md) --- # EASTROC BEVERAGE has been listed for nearly 5 years, and the Lin family has not reduced their shareholding On April 2, **EASTROC BEVERAGE (605499.SH)** disclosed a share repurchase plan, intending to repurchase company shares with no more than 2 billion yuan of its own funds, of which no less than 90% will be used for cancellation. The repurchase and cancellation by the listed company fully reflect the management's firm confidence in the future development of the company's business. The upper limit for the repurchase price is set at 248 yuan per share, significantly higher than the current stock price, and this premium further highlights the management's determination and sincerity. Not only is there a substantial repurchase of company shares, but the long-term holding attitude of the company's actual controller is also noteworthy. On April 3, a staff member of EASTROC BEVERAGE stated: "The repurchase is based on confidence in the company's future development prospects and a high recognition of the company's value. As of now, the chairman's family has never reduced their holdings in nearly five years since the company went public." Even when other shareholders reduced their holdings previously, the Lin family also did not participate. From the equity structure, the Lin family holds most of the shares of EASTROC BEVERAGE through direct and indirect means, and the shareholding structure is stable. This long-term holding attitude aligns with the company's continuously growing performance. **Repurchase of no more than 2 billion yuan, dividends far exceed the fundraising amount** The confidence in long-termism comes from the ability to continuously create value. Data shows that since its listing, EASTROC BEVERAGE has distributed cash dividends exceeding 6.6 billion yuan, while the net fundraising amount at the time of the company's listing was 1.732 billion yuan. This means that the cash returned to investors has far exceeded the initial fundraising amount at the time of listing. Such dividend capability is rare in the A-share market. The recently announced 2025 annual report indicates that the company plans to continue distributing dividends, expecting cash dividends to exceed 1.4 billion yuan, and to increase every 10 shares by 3 shares for all shareholders. Coupled with the recently announced repurchase plan of 1 billion to 2 billion yuan (of which no less than 90% will be used for cancellation), the dual shareholder return of "high dividends + repurchase cancellation" is undoubtedly another plus for long-term investors. **Governance logic behind stable equity** From a corporate governance perspective, the long-term holding by the actual controller is a signal. It indicates a high alignment of interests between the management and minority shareholders, suggests that the company's strategy has long-term coherence, and further implies that the enterprise is willing to create value through continuous operations rather than through capital operations for arbitrage. The stability of this equity structure is itself part of the company's "moat." Having been listed for nearly five years, with the actual controller not reducing their holdings and cumulative dividends far exceeding the fundraising—EASTROC BEVERAGE is demonstrating long-termism in the capital market through action. When patient capital becomes a scarce commodity in the market, such companies deserve to be seen. 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