Summary by Futu AI
Great Wall Motor held a board of directors meeting on June 4, 2024, and passed the announcement about reserving the second batch of restricted stock options for the 2021 restricted stock incentive plan, which will be unlocked and listed. According to the 2021 restricted stock incentive plan, the company has achieved the condition to release the restrictions of the second batch of restricted stock and it will be listed for trading on June 18, 2024, involving 1,881,165 shares. This unlocking complies with the company's articles of association and relevant laws and regulations, and has been reviewed and approved by the remuneration committee and the supervisory board. In addition, the company has completed the repurchase and cancellation procedures for the restricted stocks that do not meet the unlocking conditions.