Movement Alert|GWMOTOR Rises 3.03% in Regular Trading, Convertible Bond Put-Back Period Officially Launched Combined with Ongoing Buybacks

Market Focus07-30

On July 30, GWMOTOR (02333) rose 3.03% in regular trading, trading at HK$9.52/share, with turnover of approximately HK$66.82 million.

On the news front, the conditional put-back clause for the company's A-share convertible bond has officially taken effect, with the put-back period running from July 30 to August 5 at a price of RMB 100.27 per bond. During the put-back period, conversion to shares is suspended, effectively eliminating short-term dilution pressure from share conversions. The trigger was the company's A-share stock closing below 70% of the current conversion price for 30 consecutive trading days from June 10 to July 22.

Additionally, the company has maintained a consistent H-share buyback program, repurchasing 350,500 shares on July 15 at prices between HK$8.61 and HK$8.70 per share, bringing cumulative buybacks to approximately 11.43 million shares, providing ongoing support to market sentiment. Within the Automobile Manufacturers sector, BYD rose 1.92%, Geely Auto gained 1.18%, and Li Auto advanced 1.10%, reflecting a broadly positive tone across the sector.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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