Great Wall Motor completes second lock-up period share transfer

Great Wall Motor Company Limited announced the completion of the non-trading transfer of shares for the second lock-up period of its 2023 Employee Stock Ownership Plan. This transfer, completed on September 24, 2025, involved 13,796,105 shares, which have been moved to the personal securities accounts of 2,767 eligible participants.

The company's Eighth Board of Directors, at its forty-first meeting on August 29, 2025, approved that the second lock-up period, which ended on August 14, 2025, met the necessary unlocking conditions. This follows a similar approval for the first lock-up period in September 2024, which saw 14,024,004 shares unlocked for 2,908 participants.

The 2023 Employee Stock Ownership Plan originally involved the transfer of 34,751,400 A-shares into the plan's securities account on August 15, 2023, following the adjustment of the buyback price to 13.52 yuan per share due to the 2022 A-share profit distribution. Great Wall Motor will continue to monitor the plan's progress and ensure timely information disclosure.