Summary by Futu AI
Great Wall Motor Co., Ltd. issued an overseas regulatory announcement on June 20, 2024, announcing that, in accordance with relevant laws and regulations and the 2021 stock option incentive plan, it has conducted a verification of the initial grant of stock option which was cancelled due to the departure or demotion of some incentive objects. After careful examination by the Board of Supervisors, the cancellation was deemed legal and effective, and it will not affect the distribution of company stocks or the continued implementation of the 2021 stock option incentive plan, nor does it involve any behavior that harms the interests of the company and shareholders. The announcement was issued by joint company secretary Li Hongshuan and signed by supervisors Lu Caijuan, Liu Qian, and Ma Yubo on the same day.