1月16日，长城汽车发布归元平台。归——回归；元——本源，归元平台是长城汽车以"第一性原理"， 坚定地选择"技术求真"，回归产业本源。新平台以"一车多动力、一车多品类、一车多姿态、一车多市 场"，抓住本质，化繁为简，让复杂的技术回归简单，让创新的价值直达用户。 全动力兼容能力，是归元平台最核心的技术突破。作为兼容PHEV、HEV、BEV、FCEV、ICE五大动力 形式的平台，它以"一套架构，全域适配"的实力，满足全球不同市场的能源结构与用户需求。 据介绍，归元平台的灵感来自于中华民族四大发明之一的"活字印刷术"，把印刷过程解构和重构，用可 重复使用的单字组合，实现了模块化、可组合、高效、高技艺的生产方式，实现了大幅度降低成本和时 间，同时为大规模的文化传播奠定了基础。归元则以用户的用车旅程阶段进行场景细化，打破了传统机 械思维，开辟全新路径，将硬件功能原子化、软件体验标签化、AI调度原生化，实现了从"雕版印刷"进 化为"活字印刷"。 硬件部分以结构树分解方式，划分为发动机、变速器、空气弹簧、电池等49个核心模块、329个共用组 件，合理拆分模块总成、规范模块间接口，实现平台的高度扩展性；这与古老的"活字印刷术 ...

Core Viewpoint - Great Wall Motors has launched a new vehicle platform named "Guiyuan," which emphasizes a modular architecture and aims to enhance global competitiveness and reduce manufacturing costs [2][4][5]. Group 1: Platform Overview - The "Guiyuan" platform was named through a public vote, receiving 22,000 votes, and is designed to return to the essence of automotive service [2]. - It features a highly modular architecture inspired by movable type printing, allowing for flexible combinations of 49 core modules and 329 shared components [2][3]. - The platform supports five powertrain types: plug-in hybrid, hybrid, pure electric, fuel, and hydrogen, covering seven vehicle categories [3]. Group 2: Global Market Strategy - The high compatibility of the "Guiyuan" platform will help Great Wall Motors expand into international markets, addressing diverse regional demands for vehicle powertrains [4]. - The company aims to sell over 500,000 vehicles in overseas markets by 2025, with a target of 600,000 units in 2026, representing one-third of total sales [4]. Group 3: Cost Efficiency and Production - The "Guiyuan" platform boasts an 80% parts commonality rate and a 30% reduction in development cycles, leading to more stable and cost-effective supply chains [5]. - The platform's design is expected to enhance vehicle resale value and lower long-term ownership and maintenance costs for consumers [5]. Group 4: Integration with Existing Platforms - The "Guiyuan" platform is part of a broader platform system that includes the Lemon, Tank, and Coffee Intelligent platforms, each serving different vehicle types and technologies [6]. - Great Wall Motors plans to launch over 50 global models based on the "Guiyuan" platform, which will further integrate and adjust existing platforms [6]. Group 5: Sales Performance and Future Goals - In 2025, Great Wall Motors achieved a total sales volume of 1.324 million units, a year-on-year increase of 7.33%, with 403,700 units being new energy vehicles, up 25.44% [6]. - The sales target for 2026 is set at 1.8 million units, with an ambitious growth rate of 36% anticipated as the "Guiyuan" platform models are introduced [6].

Core Insights - The essence of a true high-end brand lies in its spiritual value proposition and the recognition of its values by users, emphasizing trust and responsibility in addressing issues [2][8][21] - The founder of Great Wall Motors, Wei Jianjun, emphasizes the importance of maintaining the original intention of creating a high-end brand, which requires patience and resilience [3][22] - The brand WEY, named after the founder's surname, represents a commitment to integrity and courage, reflecting the responsibility associated with its name [6][20] Brand Development - The WEY brand was established as China's first high-end automotive brand named after its founder, aiming to unify product DNA and create a dedicated high-end SUV brand [6][10] - Despite challenges, the brand's positioning as a high-end entity has not wavered, with a focus on building brand value rather than just high-end products [10][11] - The brand's logo design draws inspiration from historical elements, showcasing a connection to its roots and a sense of pride in its heritage [7] Market Strategy - The company believes that a true high-end brand must prioritize user-centric values, focusing on creating vehicles that are beneficial to users and society rather than merely pursuing luxury [9][12] - The transition to high-end markets is challenging, with many domestic brands still in the entrepreneurial phase, and the company acknowledges the need for a focused approach to high-end product development [10][11][22] - The company has invested over 2 billion yuan in establishing a direct sales system to better support its high-end brand strategy [11] Technological Advancements - The WEY brand has made significant strides in intelligent driving technology, with the latest models featuring advanced systems that enhance user experience [12][13] - The introduction of a multi-power platform aims to adapt to various market needs and energy structures globally, reflecting the company's commitment to innovation [12][14] Organizational Structure - The company has restructured its organization to be more user-centric, allowing for agile responses to market demands while maintaining a focus on long-term strategic goals [16][17] - The new organizational model emphasizes the integration of resources to support brand development and ensure quality consistency across products [17] Long-term Vision - The company maintains a long-term perspective on investment in research and development, focusing on building a solid technological foundation for future growth [19] - The global strategy is pragmatic, aiming to adapt to different markets while ensuring that the brand's core values remain intact [19]

Group 1 - The company has announced that the "Changqi Convertible Bonds" are expected to meet the conditions for a downward adjustment of the conversion price [1] - The company issued 35 million convertible bonds with a total value of 3.5 billion yuan, which began trading on July 8, 2021 [2] - The initial conversion price was set at 38.39 yuan per share, and the current conversion price is 39.16 yuan per share [2] Group 2 - The downward adjustment clause allows the company to propose a new conversion price if the stock price is below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [3] - The adjustment requires approval from two-thirds of the voting rights at a shareholders' meeting, excluding bondholders from voting [3] - If the adjustment is made, the new conversion price must be higher than the average stock price over the 20 trading days prior to the meeting [3] Group 3 - The company previously decided not to exercise the downward adjustment right on July 4, 2025, and will reconsider after January 5, 2026, if the conditions are met again [5] - As of January 16, 2026, the company's stock price has been below 85% of the current conversion price for ten trading days, indicating a potential trigger for the adjustment [6] - If the stock price remains below the threshold for five out of the next twenty trading days, the downward adjustment clause may be triggered [6]

| 证券代码：601633 | 证券简称：长城汽车 | 公告编号：2026-004 | | --- | --- | --- | | 转债代码：113049 | 转债简称：长汽转债 | | 长城汽车股份有限公司 关于"长汽转债"预计满足转股价格向下修正条件的提示性公告 在本次发行的可转债存续期间，当公司A股股票在任意连续三十个交易日中至少有 十五个交易日的收盘价低于当期转股价格的85%时，公司董事会有权提出转股价格向下 修正方案并提交公司股东大会审议表决。 上述方案须经出席会议的股东所持表决权的三分之二以上通过方可实施。股东大会 进行表决时，持有本次发行的可转债的股东应当回避。修正后的转股价格应不低于前述 的股东大会召开日前二十个交易日公司股票交易均价和前一个交易日公司股票交易均 价之间的较高者。 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、"长汽转债"发行上市概况 经中国证券监督管理委员会《关于核准长城汽车股份有限公司公开发行可转换公司 债券的批复》（证监许可[2021]1353号）核准，长城汽车股份有限公司（以下简称 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何 聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 長 城 汽 車 股 份 有 限 公 司 GREAT WALL MOTOR COMPANY LIMITED* （於中華人民共和國註冊成立的股份有限公司） 股份代號：02333（港幣櫃台）及82333（人民幣櫃台） 海外監管公告 於本公告日期，董事會成員如下： 執行董事： 魏建軍先生、趙國慶先生及李紅栓女士。 职工董事：盧彩娟女士。 非執行董事：何平先生。 獨立非執行董事： 樂英女士、 輝先生及鄒兆麟先生。 此海外監管公告是根據香港聯合交易所有限公司證券上市規則第 13.10B 條發出。以下為長城汽 車股份有限公司於上海證券交易所網站（www.sse.com.cn）所刊發之「長城汽車股份有限公司關 於"長汽轉債"預計滿足轉股價格向下修正條件的提示性公告」。 承董事會命 長城汽車股份有限公司 公司秘書 李紅栓 李紅栓 公司秘書 中國河北省保定市，2026 年 1 月16日 * 僅供識別 | 证券代码：60163 ...

Core Viewpoint - Great Wall Motors showcased its advanced technologies and four key models at the 2026 CES in Las Vegas, emphasizing the depth of Chinese automotive technology and culture [1][2][3] Group 1: Technological Innovations - Great Wall Motors introduced the ASL (Spatial and Language Intelligent Agent) at CES 2025, which perceives the world from a 3D perspective and serves as a communicative travel partner [1] - The VLA large model, launched in December 2025, equips vehicles with three core capabilities: understanding, seeing, and thinking, and will be integrated into more models this year [1] - The Hi4 intelligent electric hybrid four-wheel drive technology, inspired by ancient Chinese irrigation engineering, showcases the company's innovative power distribution technology [2] Group 2: Product Offerings - Great Wall Motors presented its self-developed V8 engine and the H8 engine featuring the Soul Motor, along with semi-solid state batteries and hydrogen fuel cell engines, highlighting its comprehensive technology layout [2] - The company introduced four models, including the Wei brand Gaoshan 9, catering to various user needs and emphasizing a user-centric approach to market segmentation [2] Group 3: Global Vision and Cultural Exchange - Great Wall Motors aims to convey not only products and technologies but also values and cultural exchanges, using its innovations to connect different civilizations [2] - The company expresses a commitment to continuous improvement and global resource integration, positioning "Chinese intelligence" to shine on the world stage [3]

股份代號：02333（港幣櫃台）及82333（人民幣櫃台） 此乃要件 請即處理 香港交易及結算所有限公司及香港聯合交易所有限公司對本通函的內容概不負責，對其準確性或完整性亦 無發表任何聲明，並明確表示，概不就本通函全部或任何部分內容而產生或因倚賴該等內容而引致的任何 損失承擔任何責任。 閣下如對本通函任何內容或應採取的行動有任何疑問，應諮詢 閣下的股票經紀或其他註冊證券商、銀行 經理、律師、專業會計師或其他專業顧問。 閣下如已售出或轉讓名下所有長城汽車股份有限公司的股份，應立即將本通函及隨附之代表委任表格送交 買主或承讓人，或經手買賣或轉讓的銀行、股票經紀或其他代理人，以便轉交買主或承讓人。 長城汽車股份有限公司 GREAT WALL MOTOR COMPANY LIMITED* （於中華人民共和國註冊成立的股份有限公司） 調整2023年限制性股票激勵計劃、 2023年股票期權激勵計劃 及 2023年第二期員工持股計劃業績考核目標 及 股東特別大會與H股股東類別 股東大會通告 本公司謹訂於2026年3月6日（星期五）下午2時正、3時正、4時正假座中國河北省保定市蓮池區朝陽南大 街2266號本公司會議室分別舉行 ...

长城汽车股份有限公司 GREAT WALL MOTOR COMPANY LIMITED A 股股票代码：601633 H 股股票代码：02333（港币柜台）及 82333（人民币柜台） 2026 年第二次临时股东会 2026 年第一次 H 股类别股东会议 2026 年第一次 A 股类别股东会议 会议资料 2026 年 3 月 6 日 会议须知 2 为弃权。 七、每位股东每次发言建议勿超过三分钟，同一股东发言不超过两次，发言主题应 与本次股东会表决事项相关。 八、《关于调整 2023 年限制性股票激励计划业绩考核目标的议案》《关于修改<长 城汽车股份有限公司 2023 年限制性股票激励计划实施考核管理办法>的议案》《关于调 整 2023 年股票期权激励计划业绩考核目标的议案》《关于修改<长城汽车股份有限公司 2023 年股票期权激励计划实施考核管理办法>的议案》为特别决议案，需由出席 2026 年第二次临时股东会的股东（包括股东授权代表）所持表决权的三分之二以上通过，以 上议案还需分别由出席 2026 年第一次 H 股类别股东会议的 H 股股东（包括股东授权代 表）、出席 2026 年第一次 A 股类别股东会议 ...

Group 1 - The core viewpoint of the article is that Great Wall Motors reported a revenue of 311.27 million yuan for the period from January to November 2025, reflecting a year-on-year growth of 11.4% [1] - In the fiscal year 2023, the company repurchased a total of 56.86 million shares, which accounts for 0.66% of the total share capital [1] - In December, the company repurchased 18.07 million shares, representing 0.21% of the total share capital, and in the period from March to April, it repurchased 9.70 million shares, which is 0.11% of the total share capital [1] Group 2 - The company has performance assessment conditions set for the years 2024 to 2026, with a clear relationship between completion rates and corresponding coefficients [1] - There are multiple planning arrangements for relevant businesses in 2026, including target ratios for certain business segments [1]