Great Wall Motor to repurchase over 1m shares from incentive plan

Great Wall Motor Company Limited will repurchase and cancel 1,075,400 restricted shares from its 2023 equity incentive plan, as approved by the board of directors. The repurchases include 554,400 shares from initial grants and 521,000 shares from reserved grants. This action follows the departure of 21 incentivized employees, rendering them ineligible under the plan's terms.

The repurchase price for initially granted shares is 12.86 yuan per share, while reserved granted shares will be repurchased at 12.29 yuan per share, both including accrued bank interest. This process is expected to be completed by September 16, 2025. Following the cancellation, the number of restricted tradable A-shares will decrease to 29,852,900, with the total share capital being 8,557,871,194 shares.

The company's board stated that all procedures, disclosures, and agreements for this repurchase comply with relevant laws and regulations. Beijing Jincheng Tongda Law Firm confirmed that the repurchase and cancellation meet all necessary approvals and regulatory requirements.