Great Wall Motor adjusts "Changqi convertible bond" conversion price

Great Wall Motor Company (SSE:601633) announced an adjustment to the conversion price of its "Changqi Convertible Bonds" (113049) from CNY 39.60 to CNY 39.61 per share, effective April 17, 2025. This adjustment stems from the exercise of stock options and the repurchase and cancellation of restricted shares under the company's incentive plans. Trading of the convertible bonds will be suspended on April 16, 2025, to accommodate the price adjustment, and will resume on April 17, 2025. The adjustments are related to the company's equity incentive plans that impact the conversion price and ensure compliance with the terms outlined in the bond prospectus.