Great Wall Motor plans share repurchase, announces dividend

Great Wall Motor (HKEX:2333) has announced its intention to repurchase both A shares and H shares, subject to shareholder approval obtained on June 18, 2025, according to a company announcement. The plan allows the board to repurchase up to 10% of issued H shares listed on the Hong Kong Stock Exchange and 10% of A shares listed on the Shanghai Stock Exchange. The company is seeking creditor claims related to this planned reduction in registered capital. Creditors have 45 days to submit claims after receiving notice. Separately, Great Wall Motor also announced a final dividend of RMB 0.45 per share for the year ended December 31, 2024. The dividend, payable in HKD at HKD 0.49233 per share, is subject to withholding tax based on shareholder residency, with rates of 10% for non-resident enterprises and 20% for mainland individual investors and securities investment funds investing through the Southbound Stock Connect. The ex-dividend date is July 8, 2025, and payment is scheduled for August 8, 2025.