Summary by Futu AI
Great Wall Motor announced on ****, 2024 that the repurchase price of the restricted stocks for the first grant of the restricted stock incentive plan for 2023 and the exercise price of the stock options for the first grant of the stock option incentive plan for 2023 will be adjusted according to the implementation of the A-share profit distribution for 2023. After adjustment, the repurchase price of the restricted stocks is 13.31 yuan per share, and the exercise price of the stock options is 26.92 yuan per share. The adjustment reflects an appropriate correction of the price after dividends and will not have a significant impact on the company's financial situation and operational results. This price adjustment has been reviewed and approved by the Board of Directors and the Supervisory Board and has obtained the support of a legal opinion to ensure that the decision-making process is legal, effective, and in compliance with relevant regulations.