Summary by Moomoo AI
Great Wall Motor released a statement on July 5th, 2024, confirming the fulfillment of the exercise conditions for the company's 2021 restricted stock incentive plan and stock option incentive plan, following the review opinions of the board of supervisors. The board reviewed the qualifications of 448 incentive objects in the third phase of restricted stocks and 5,992 incentive objects in the third exercise period of stock options, deemed them all legally valid and in compliance with relevant laws and regulations, and not detrimental to the interests of the company and shareholders. Additionally, the company repurchased and cancelled restricted stocks for some employees who resigned or were demoted, which the board believed was in compliance with relevant regulations and would not affect the distribution of company stocks or the continual implementation of the 2021 restricted stock incentive plan.