Great Wall Motor (02333) plans to repurchase no more than 10% of H shares

According to Zhitong Finance App, Great Wall Motor (02333) issued an announcement. Shareholders approved the granting of a general H share repurchase authorization to the directors at the 2025 Annual General Meeting of Shareholders held on June 26, 2026 to repurchase no more than 10% of the total number of H shares issued (excluding treasury shares) on the day the resolution to approve the H share repurchase authorization is passed. They can be purchased in accordance with the share repurchase plan before the end of the next annual general meeting of shareholders of the company or 12 months before the repurchase authorization expires (whichever is earlier).

According to the share repurchase authorization, the company plans to repurchase H shares on the open market from time to time. The share repurchase period ends on the date the share repurchase authorization expires. The source of capital for share repurchases is the company's own capital. The repurchased H shares will be cancelled or held as treasury shares.

The board of directors believes that repurchasing shares under the current circumstances can show that the company has full confidence in its business outlook and prospects, and will ultimately bring benefits to the company and create value for shareholders. The board of directors believes that the company's current financial resources are sufficient to support share buybacks while maintaining a sound financial position.