Great Wall Motor completes cancellation of 2021 stock options

Great Wall Motor Company Limited announced on December 9, 2025, the completion of the cancellation of certain portions of its 2021 stock option incentive plan. This action follows the approval by the Eighth Board of Directors on December 3, 2025, to cancel unexercised stock options from both the initial and reserved grants after their respective exercise periods concluded.

Specifically, the company canceled 65,042,428 shares from the initially granted stock options and 9,723,856 shares from the reserved grant portion. These cancellations were executed in accordance with the company's 2021 Stock Option Incentive Plan and its Long-term Incentive Mechanism Management Measures. The company submitted the cancellation application to China Securities Depository and Clearing Corporation Limited Shanghai Branch, with the process confirmed as complete on December 8, 2025.

Great Wall Motor stated that these cancellations would not alter the company's share capital structure, affect its stock distribution's compliance with listing requirements, or significantly impact its operating performance.