Summary by Moomoo AI
GREAT WALL AUTOMOBILE CO., LTD. ISSUED AN OVERSEAS REGULATORY NOTICE ON 29 MARCH 2024 ANNOUNCING AN AUDIT OF THE 2020 AND 2021 RESTRICTED STOCK AND STOCK OPTION INCENTIVE SCHEMES UNDER RELEVANT LAWS AND REGULATIONS AND EQUITY INCENTIVE SCHEMES. The Company's Supervisory Board confirms that the Company will revoke the first granted and reserve certain stock options and restricted shares granted due to partial inducement, resignation or other reasons. This move complies with the provisions of the Share Incentive Management Measures of Listed Companies and does not affect the distribution of shares of the company or the continued implementation of the Equity Incentive Scheme 2020 and the Equity Incentive Scheme 2021, and does not prejudice the interests of the Company and its shareholders. The Supervisory Board agrees to this.