Summary by Moomoo AI
GREAT WALL AUTOMOBILE (GWMOTOR) ANNOUNCED THE FIRST GRANT LIST OF ITS LIMITED STOCK AND STOCK OPTION INCENTIVE PROGRAM IN 2023. ACCORDING TO THE ANNOUNCEMENT, CEO MUFENG RECEIVED 80 MILLION SHARES OF RESTRICTED STOCK, REPRESENTING 1.1613% OF THE TOTAL GRANTED AND 0.0094% OF THE CURRENT TOTAL SHARE CAPITAL. In addition, 785 other executives and the core technology (business) backbone received 5,480.60 million shares of restricted stock, representing 78.5152% of the total issued and 0.6364% of the current total share capital. In terms of stock options, 1,131 managers and core technology (business) backbone were granted 7,057.70 million shares, representing 78.4607% of the total granted and 0.8305% of the current total share capital. The incentive program aims to reward and motivate the management and key employees of the company to promote the long-term development of the company in line with the interests of shareholders.