Great Wall Motor completes employee stock plan share transfer

Great Wall Motor (SSE:601633) announced the completion of a non-trading transfer of 1,783,200 shares to eligible employees under the first vesting period of its 2023 second-phase employee stock ownership plan. The shares, previously held in a company repurchase account, were transferred to the personal securities accounts of 24 participating employees on April 29, 2025. This transfer follows the fulfillment of vesting conditions for the initial lock-up period, which ended February 7, 2025. The company had previously authorized the employee stock ownership plan and related management procedures at board and shareholder meetings in late 2023 and early 2024.