On June 20th, 2024, the board of directors of Great Wall Motor held a meeting and approved the proposal to cancel the first grant of stock options under the 2021 Stock Option Incentive Plan. This cancellation involves 804,738 unexercised stock options, as some incentive objects no longer meet the incentive conditions due to resignation or demotion. The cancellation is based on the provisions of the 2021 Stock Option Incentive Plan and the Company's long-term incentive mechanism management measures. The company stated that this cancellation will not affect the company's capital structure, operational performance, and the continued implementation of the stock option incentive plan. The Remuneration Committee and the Supervisory Board both believe that the cancellation is legal, effective, and does not harm the interests of the company and shareholders.

On June 20th, 2024, the board of directors of Great Wall Motor held a meeting and approved the proposal to cancel the first grant of stock options under the 2021 Stock Option Incentive Plan. This cancellation involves 804,738 unexercised stock options, as some incentive objects no longer meet the incentive conditions due to resignation or demotion. The cancellation is based on the provisions of the 2021 Stock Option Incentive Plan and the Company's long-term incentive mechanism management measures. The company stated that this cancellation will not affect the company's capital structure, operational performance, and the continued implementation of the stock option incentive plan. The Remuneration Committee and the Supervisory Board both believe that the cancellation is legal, effective, and does not harm the interests of the company and shareholders.