Summary by Futu AI
On ****, 2024, Great Wall Motor announced that it will repurchase and cancel part of the restricted stocks granted for the first time under the 2023 Restricted Stock Incentive Plan, due to the departure of some incentive targets in accordance with the provisions of the 2023 Restricted Stock Incentive Plan and the company's long-term incentive management measures. The total number of restricted stocks repurchased and cancelled by the company is 1,128,000 shares, with a repurchase price of RMB 13.31 per share, plus interest on bank deposits during the same period. This plan has been reviewed and approved by the board of directors, and will not have a significant impact on the company's operations or the continuous implementation of the 2023 Restricted Stock Incentive Plan.