Zheng Quan Zhi Xing·2025-09-01 11:17Core Points - The announcement details the conversion of convertible bonds and the results of the 2023 stock option incentive plan by Great Wall Motor Co., Ltd. [1][4] Convertible Bonds Conversion - From August 1 to August 31, 2025, a total of 1,000 yuan of "Changqi Convertible Bonds" was converted into 25 shares of the company's stock. [1] - Cumulatively, from December 17, 2021, to August 31, 2025, 4,900,000 yuan of "Changqi Convertible Bonds" has been converted into 128,529 shares, representing 0.0014% of the company's total issued shares before conversion. [1][5] - As of August 31, 2025, the amount of convertible bonds that have not been converted is 3,495,099,000 yuan, accounting for 99.86% of the total issued convertible bonds. [6] Convertible Bonds Issuance Overview - The company issued 35 billion yuan worth of convertible bonds on June 10, 2021, with a face value of 100 yuan per bond, approved by the China Securities Regulatory Commission. [2] - The initial conversion price was set at 38.39 yuan per share, which has been adjusted to 39.16 yuan per share due to various corporate actions. [2][5] 2023 Stock Option Incentive Plan - The first exercise period for the 2023 stock option incentive plan allows for the exercise of 18,948,783 shares, with a self-exercise method from May 12, 2025, to January 25, 2026. [4] - As of August 31, 2025, no shares have been exercised from this plan, representing 0% of the total available options for the first exercise period. [4][12] Stock Option Exercise and Fundraising - Through the self-exercise method, a total of 30 shares have been registered and 807.60 yuan has been raised, which will be used to supplement working capital. [12] - The stock options exercised will be listed for trading on the second trading day after the exercise date. [12] Changes in Share Capital - The total number of shares before the changes was 8,558,946,263, and after the conversion of convertible bonds and stock options, it increased to 8,558,946,288 shares. [13] - The distribution of shares remains compliant with listing conditions after the changes. [13]