Great Wall Motor Co., Ltd. issued an overseas regulatory announcement on June 4, 2024, announcing that several conditions in its stock-based incentive plan have been met, and price adjustments and cancellation of relevant matters have been made. The company's board of supervisors reviewed the restricted stock incentive plan and stock option incentive plan for 2021 and 2023, confirmed that the exercise conditions have been met, and agreed to lift the restriction on the stocks and the stock options. In addition, due to the implementation of the A-share profit distribution in 2023, the company adjusted the repurchase price and exercise price in the incentive plan. The board of supervisors believes that these adjustments comply with relevant regulations and the provisions of the incentive...Show More

Great Wall Motor Co., Ltd. issued an overseas regulatory announcement on June 4, 2024, announcing that several conditions in its stock-based incentive plan have been met, and price adjustments and cancellation of relevant matters have been made. The company's board of supervisors reviewed the restricted stock incentive plan and stock option incentive plan for 2021 and 2023, confirmed that the exercise conditions have been met, and agreed to lift the restriction on the stocks and the stock options. In addition, due to the implementation of the A-share profit distribution in 2023, the company adjusted the repurchase price and exercise price in the incentive plan. The board of supervisors believes that these adjustments comply with relevant regulations and the provisions of the incentive plan, and do not harm the interests of the company and shareholders. The announcement also mentioned that due to some incentive targets leaving or being demoted, the company repurchased and cancelled some of the restricted stocks, and confirmed that these actions are legal, effective and will not affect the listing conditions of the company's stocks.