Summary by Moomoo AI
On July 5th, 2024, Great Wall Motor held the 18th supervisory board meeting, which approved the relevant resolutions on the 2021 Restricted Stock Incentive Plan and Stock Option Incentive Plan. The meeting confirmed that the conditions for lifting the restrictions had been met for the third tranche of restricted stock under the 2021 Restricted Stock Incentive Plan, and it entered the third unlocking period from July 22nd, 2024. A total of 448 incentive recipients were eligible to lift the restrictions, with a total of 6,856,797 shares of restricted stocks unlocked. In addition, the conditions for the third exercise period for the first grant of stock options under the 2021 Stock Option Incentive Plan has also been met, with 5,992 incentive recipients eligible to exercise for a total of 65,045,039 stock options at an exercise price of 32.59 yuan per share. The meeting also passed a proposal to repurchase and cancel the first grant of restricted stocks under the 2021 Restricted Stock Incentive Plan. The company will apply to relevant institutions for matters concerning unlocking and exercising, and will announce the specific time after obtaining approval.