Summary by Futu AI
On June 4, 2024, Great Wall Motor announced that, according to the legal opinion issued by Beijing Jincheng Tongda Law Firm, the company has adjusted its 2021 stock-based incentive plan, including the adjustment of repurchase and exercise prices, as well as the cancellation of restricted stocks through repurchase. This adjustment was based on the impact of the stock price after the implementation of A-share profit distribution in 2023, as well as the departure or demotion of some incentive objects. The repurchase price for the first restricted stock grant was adjusted from RMB 16.11 per share to RMB 15.81 per share, and the reserved repurchase price for restricted stock grants was adjusted from RMB 12.36 per share to RMB 12.06 per share. The exercise price for the...Show More