Great Wall Motor Company (HKG:2333) proposed raising the annual caps for product purchases from chairman Wei Jianjun and his associates to 1.69 billion yuan for 2026 and 1.95 billion yuan for 2027 from 1.19 billion yuan and 1.37 billion yuan, respectively.
The automaker said in a Friday Hong Kong bourse filing that the existing caps are expected to be exceeded. The revised caps mainly reflect expected higher purchases of power battery packs from SVOLT Energy amid projected growth in new-energy vehicle production and sales.
The revised caps are subject to independent shareholder approval.
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