GWM adjusts convertible bond price; trading temporarily halted

Great Wall Motor (601633.SH) announced an adjustment to the conversion price of its "Changqi Convertible Bonds" (113049.SH) from 39.62 RMB to 39.60 RMB per share, effective February 27, 2025. This adjustment is primarily due to the exercise of stock options under the company’s equity incentive plan and the completion of registration for restricted stock grants. Trading of "Changqi Convertible Bonds" will be suspended on February 26, 2025, to accommodate the price adjustment, resuming on February 27, 2025. The initial conversion price was 38.39 RMB with a maturity date of June 9, 2027.