Xin Lang Cai Jing·2026-03-31 09:41Core Viewpoint - Great Wall Motor Co., Ltd. plans to repurchase and cancel a total of 4.705745 million restricted stocks under the 2023 Restricted Stock Incentive Plan due to unmet performance targets and changes in incentive recipients [1][2][6] Group 1: Repurchase Details - The repurchase involves two categories of stocks: 3,584,281 shares from the initial grant at a price of 12.86 yuan per share and 1,121,464 shares from the reserved grant at a price of 12.29 yuan per share [3][8] - The total number of shares to be repurchased is 4,705,745 [3][8] Group 2: Reasons for Repurchase - The repurchase is primarily due to two reasons: first, certain restricted stocks did not meet the release conditions based on the company's performance under the 2023 plan; second, changes in incentive recipients due to resignations, demotions, or individual performance assessments [2][7] Group 3: Procedures and Future Arrangements - The repurchase has been authorized by the company's board and will lead to a reduction in registered capital after the shares are canceled [4][9] - The company has issued a notice to creditors, allowing them 45 days to declare their claims with valid documentation; claims not submitted within this period will be considered waived [4][9]