Great Wall Motor announces restricted exercise period for 2023 stock options

Great Wall Motor Company Limited has set a restricted exercise period for the first tranche of its 2023 stock option incentive plan. The first exercise period for these options began on January 26, 2025, with the effective exercise period running from May 12, 2025, to January 25, 2026. Exercise of these options commenced on May 12, 2025.

However, all beneficiaries will face a temporary restriction on exercising these stock options from October 1, 2025, to October 24, 2025. This restriction aligns with the company's third-quarter report disclosure schedule for 2025.

The company will proceed with relevant applications to China Securities Depository and Clearing Corporation Limited Shanghai Branch regarding the restricted exercise matters in accordance with regulations. This announcement was made by the board of directors of Great Wall Motor Company Limited on September 24, 2025.