Summary by Futu AI
GUANGZHOU AUTOMOBILE GROUP CO., LTD. (“GUANGAUTO GROUP”) ISSUED A NOTICE ON 7 MAY 2024 DETAILING THE VOTING RESULTS AND STOCK CHANGES OF ITS 2020 A STOCK OPTIONS AND LIMITED STOCK INCENTIVE PLAN SECOND LINE OPTIONS. According to the announcement, as of December 11, 2023, a total of 19 persons participated in the exercise of voting rights, totaling 156,653 shares, representing 0.63% of the total number of eligible shares as of April 30, 2024. The shares resulting from the exercise will be traded on the second trading day after the exercise date. In addition, the Company accrued $1,460,005.96 in the form of sovereign rights. The announcement also mentioned that the company repurchased 3,330,156 shares of the overdraft restricted stock on February 29, 2024, due to incentive transactions. The Executive Directors of Guangfeng Group are Zeng Qinghong and Feng Xing Ya. The non-executive directors include five members such as Chen Xiaomou, and four others are the independent non-executive directors of Zhao Fukuwan.