Great Wall Motor to cancel 587,352 restricted shares

Great Wall Motor Co., Ltd. (SSE:601633) announced it will cancel a total of 587,352 restricted shares previously granted under its 2023 Restricted Stock Incentive Plan. The decision comes after six employees left the company before the vesting period, leading to the cancellation of 561,480 shares. An additional 25,872 shares will be cancelled due to role adjustments for five other employees, in accordance with the company's incentive plan rules. The repurchase price is set at CNY 13.31 per share, plus interest. The cancellation is expected to be completed by June 16, 2025, reducing the company's total share capital to 8,558,945,933 shares. The company affirms compliance with relevant regulations and shareholder agreements.