Great Wall Motor unveils 2025 employee stock ownership plan

Great Wall Motor Company Limited's 2025 Employee Stock Ownership Plan, approved by the board, involves up to 50 participants, including three directors and senior management, who will collectively hold 15% of the plan. The total funding for the plan will not exceed 80 million yuan, sourced from company incentive funds and employee compensation.

The plan's shares will come from the company's repurchased A-shares and/or A-shares bought on the secondary market. The purchase price for repurchased shares is set at 21.83 yuan per share, based on the closing price on the plan's approval date. The plan's total shares will not exceed 10% of the company's total share capital, with individual holdings not exceeding 1%.

The plan has a 36-month duration and a 12-month lock-up period, followed by two equal unlocking periods at 12 and 24 months. Unlocking is contingent on achieving performance targets: 2026 sales of at least 1.8 million vehicles and net profit of at least 10 bn yuan, and 2027 sales of at least 2.16 million vehicles and net profit of at least 15 bn yuan. Unlocked shares will be distributed based on individual and company performance.