Summary by Futu AI
On September 10, 2024, Great Wall Motor Co., Ltd. announced that, according to the legal opinion issued by Beijing Jincheng Tongda Law Firm, the company has completed the repurchase and cancellation of some restricted stocks in the 2023 stock-based incentive plan. The repurchase and cancellation were targeted at 12 incentive recipients who left the company before the end of the lock-up period, totaling 1,128,000 restricted stocks. This action was carried out in accordance with the company's stock-based incentive plan and relevant laws and regulations, and has received approval from the board of directors and shareholders' meeting. The repurchase and cancellation is expected to be completed by the Shanghai Branch of China Securities Depository and Clearing Corporation on September 13, 2024.