Great Wall Motor sees no convertible bond conversions, minimal stock option exercise

During November 2025, Great Wall Motor Company Limited's "GWMC Convertible Bonds" saw no conversions, with zero shares issued from convertible bonds. Since inception on December 17, 2021, CNY 4,944,000 of "GWMC Convertible Bonds" has been converted into 129,652 shares, representing 0.0014% of the company's total issued shares prior to conversion. As of November 30, 2025, the outstanding convertible bonds amount to CNY 3,495,055,000, accounting for 99.8587% of the total issuance. The current conversion price is CNY 39.16 per share.

Under the 2023 stock option incentive plan, 1,036 eligible participants had 18,948,783 stock options available for autonomous exercise in the first vesting period, with an exercise price of CNY 26.47 per share. During November 2025, only 31 shares were exercised by two participants, representing a negligible 0.0002% of the total exercisable options for this period. The proceeds from these exercises, totaling CNY 834.07, will be used to supplement working capital.

Following these changes, Great Wall Motor Company Limited's total share capital remains at 8,557,872,012 shares.