Summary by Moomoo AI
Great Wall Motor held a board of directors meeting on July 5, 2024, approved the achievement of the conditions for the third phase of the restricted stock incentive plan in 2021, and entered the third unlocking period on July 22, 2024. A total of 448 incentive targets have met the individual performance evaluation requirements this time, and the number of shares that can be unlocked is 6,856,797 shares. The incentive plan aims to enhance the long-term operational performance and competitiveness of the company, and has been reviewed by the remuneration committee and the board of supervisors to comply with relevant laws and regulations, without damaging the interests of the company and all shareholders. After unlocking, the company's shareholding structure will change accordingly, and the restricted circulating shares (A-shares) will be reduced by 6,856,797 shares, and the unrestricted circulating shares (A-shares) will increase by the same amount.