Great Wall Motor Company Limited (SEHK:2333) commences share repurchases on June 10, 2022, under the program mandated by the shareholders in the Annual General Meeting, the H Shareholders' Class Meeting and the A Shareholders' Class Meeting held on April 25, 2022. As per the mandate, the company is authorized to repurchase up to 1,847,131,807 of class A and class H shares, representing 20% of its issued share capital. The repurchases will lead to an enhancement of the net asset value per share and/or earnings per share for the company.

The repurchases will be made out of the the funds of the company that would otherwise be available for dividend or distribution or out of the proceeds of the issuance of new Shares made for such purpose. The authority shall expire at the conclusion of the next AGM of the Company following the passing of the relevant special resolution at the AGM, the H Shareholders' Class Meeting and the A Shareholders' Class Meeting or the expiration of a period of 12 months following the passing of the relevant special resolution at the AGM, the H Shareholders' Class Meeting and the A Shareholders' Class Meeting or the date on which the authority conferred by the relevant special resolution is revoked or varied by a special resolution of the Shareholders at a general meeting or by the H Shareholders or the A Shareholders at their respective class meetings. As of April 25, 2022, the company had 9,235,659,033 shares in issue of which 3,099,540,000 shares were class H shares.