Summary by Futu AI
GUANGZHOU AUTOMOBILE GROUP CO., LTD. (“GUANGAUTO GROUP”) ISSUED A NOTICE ON MAY 27, 2024 REMINDING INVESTORS OF THE ARRANGEMENT REGARDING THE EXERCISE OF STOCK OPTIONS. The announcement, in conjunction with the Company's 2023 Final Profit Distribution Implementation Plan pursuant to the 2020 A Stock Option and Restricted Stock Incentive Plan (Draft) and related provisions, announces the entry into force of the second option effective December 10, 2024 with effect from December 11, 2024. The Guangxi Group noted that the restricted option was set from 29 May to 13 June 2024, during which time all incentive holders will not be able to exercise options. The Company will apply to the Shanghai Branch of China Securities Registry Settlement Limited to handle the relevant matters as required. The Board of Directors is legally responsible for the truthfulness, accuracy and completeness of the contents of the announcement.