Great Wall Motor's employee stock ownership plan officially launched, with the first batch of over 410,000 shares completing non-trading transfer

Great Wall Motor (02333.HK) announced that its employee stock ownership plan for 2025 has entered the substantial execution stage. The company repurchased approximately 418,000 A shares held in a dedicated securities account, which were transferred to the employee stock ownership plan account on January 23rd through a non-trading transfer, with a transfer price of RMB 21.83 per share.

This employee stock ownership plan was approved by the board of directors and the shareholders' meeting in December last year, with a total scale not exceeding RMB 80 million. The funding sources include the incentive fund accrued by the company and employees' legal salaries. According to the company's earlier announcement, the relevant shares will mainly come from the company's repurchase account and purchases in the secondary market.

As of today, the employee stock ownership plan account holds 418,000 A shares of Great Wall Motor, accounting for approximately 0.005% of the company's total share capital. The announcement clearly states that shares have not yet begun to be purchased from the secondary market, indicating that the existing holdings all come from the company's internal repurchase inventory