GWMOTOR: Board Secures Mandate to Repurchase Up to 10% of H-Share Float

Bulletin Express07-14 17:41

Great Wall Motor Company Limited (GWMOTOR) disclosed that shareholders at the 2025 Annual General Meeting on 26 June 2026 approved a general mandate authorising the Board to repurchase up to 10% of the company’s H shares in issue (excluding treasury shares).

The repurchase programme, effective until either the next AGM or 12 months from the mandate date—whichever comes first—will be executed through on-market transactions in Hong Kong. Funding will be drawn entirely from internal resources. Any H shares bought back may be cancelled or retained as treasury stock.

Management stated that the initiative is intended to signal confidence in the firm’s business outlook while preserving a “healthy financial position.” All buybacks will adhere to the Hong Kong Listing Rules, including the prohibition on repurchases during restricted trading periods under Rule 10.06(2)(e).

Execution of the mandate remains subject to market conditions and the company’s discretion; therefore, the timing, volume and pricing of any actual repurchases are not guaranteed.

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