Great Wall Motor triggers convertible bond put option

Great Wall Motor Company Limited triggered a put option for its convertible bonds after the company's A-share price fell below 70% of the conversion price for thirty consecutive trading days.

Bondholders can sell bonds back to the company at 100.20 yuan per bond from July 29 to August 4, 2025. The company warned that exercising the put option may result in losses since current market prices exceed the put price.