Great Wall Motor : COMPLETION OF REPURCHASE AND CANCELLATION OF CERTAIN RESTRICTED SHARES UNDER THE FIRST GRANT PURSUANT TO THE 2020 INCENTIVE SCHEME

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長 城 汽 車 股 份 有 限 公 司

GREAT WALL MOTOR COMPANY LIMITED*

(a joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 2333)

ANNOUNCEMENT

COMPLETION OF REPURCHASE AND CANCELLATION OF CERTAIN RESTRICTED SHARES UNDER THE FIRST GRANT PURSUANT TO THE 2020 INCENTIVE SCHEME

References are made to the announcements dated 28 January 2021, 1 February 2021, 3 February 2021, 12 March 2021 and 6 April 2021 issued by Great Wall Motor Company Limited (the "Company") in relation to the 2020 Restricted Shares and Share Options Incentive Scheme (the "2020 Incentive Scheme") which became effective on 15 April 2020.

The Company has completed the cancellation of certain restricted shares under the first grant pursuant to the 2020 Incentive Scheme on 9 April 2021, and total share capital of the Company has decreased from 9,175,953,300 shares (consisting of 6,076,413,300 A shares and 3,099,540,000 H shares) to 9,175,340,300 shares (consisting of 6,075,800,300 A shares and 3,099,540,000 H shares).

This announcement is available on the website of The Stock Exchange of Hong Kong Limited (www.hkexnews.hk), the website of Shanghai Stock Exchange (www.sse.com.cn) and the website of the Company (www.gwm.com.cn).

By order of the Board

Great Wall Motor Company Limited

Xu Hui

Company Secretary

Baoding, Hebei Province, the PRC, 9 April 2021

As at the date of this announcement, members of the Board comprise:

Executive Directors: Mr. Wei Jian Jun, Ms. Wang Feng Ying and Ms. Yang Zhi Juan.

Non-executive Director: Mr. He Ping.

Independent Non-executive Directors: Ms. Yue Ying, Mr. Li Wan Jun and Mr. Ng Chi Kit.

• For identification purposes only