Great Wall Motor updates on bond conversions and stock option exercises

As of September 30, 2025, 42,000 yuan of "Great Wall Convertible Bonds" were converted into 1,072 company shares during September, bringing the cumulative total converted to 4.942 million yuan, resulting in 129,601 shares. Unconverted convertible bonds amount to 3.495 billion yuan, representing 99.8588% of the total issuance. The conversion price was adjusted to 39.16 yuan per share on July 16, 2025.

Concurrently, Great Wall Motor's 2023 stock option incentive plan saw its first exercise period for the first grant, with 18,948,783 options eligible for exercise. During September 2025, one option was exercised. Cumulatively, 31 options have been exercised by two individuals, raising 834.07 yuan, which will be used to supplement working capital. The exercise price for the first grant's first period is 26.47 yuan per share.

Following these changes, and after the repurchase and cancellation of 1,075,400 restricted shares on September 16, 2025, the total share capital of Great Wall Motor Company stands at 8,557,871,961 shares as of September 30, 2025.