Summary by Futu AI
Guangzhou Automobile Group Co., Ltd. (referred to as "GAC Group") announced on June 5, 2024, detailing the exercise results of the second exercise period of the A-share stock options and restricted stock incentive plan in 2020. The incentive plan entered the exercise period on December 11, 2023, and by May 31, 2024, a total of 156,653 shares have been exercised, accounting for 0.63% of the total exercisable amount. The announcement pointed out that the exercise method is self-exercise, and the exercised stocks come from the A-share common stocks privately placed by the company to incentive objects. The announcement also mentioned that the stocks obtained from the exercise will be listed and traded on the second trading day after the exercise date. In addition, the announcement confirms that no senior management participated in the exercise during the exercise period, and the change in share capital caused by the exercise was none. The board of directors of GAC Group is responsible for the truthfulness, accuracy, and completeness of the announcement.