Summary by Futu AI
On September 13, 2024, Great Wall Motor released an overseas regulatory announcement, announcing that its board of directors has verified and agreed that the unlocking conditions of the first lock-up period of the 2023 employee stock ownership plan have been met, and confirmed that the unlocking process is legal and effective. In addition, the company and its subsidiaries will engage in forex derivative trading business to mitigate exchange rate and interest rate volatility risks and safeguard the interests of the company and all shareholders. This decision has been reviewed by the board of directors and is in compliance with relevant laws, regulations, and company bylaws.