Great Wall Motor adjusts "Changqi convertible bonds" price

Great Wall Motor (SSE: 601633) announced a conversion price adjustment for its "Changqi Convertible Bonds" (113049) from 39.64 CNY/share to 39.62 CNY/share, effective January 6, 2025. The adjustment follows share issuances related to the exercise of stock options and the cancellation of repurchased restricted shares under the company's 2021, 2021 (reserved), and 2023 share incentive plans. Trading of the convertible bonds will be suspended for conversion from January 3, 2025, and resume on January 6, 2025, under the adjusted price. The calculation of the adjusted price considered several factors, including the exercise of 15,710,777 shares under the second exercise period of the 2021 reserved stock option plan, 2,611 shares under the third exercise period of the 2021 stock option plan, and the cancellation of repurchased restricted shares.