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FINWIRES

Great Wall Motor's Plans Share Incentive Scheme

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-- Great Wall Motor's (SHA:601633, HKG:2333) board approved a resolution related to the proposed adoption of a restricted China-listed share incentive scheme under which it'll issue up to 37.3 million restricted shares, according to a Tuesday Hong Kong bourse filing.

Shares of the automaker were up nearly 1% in Wednesday afternoon trading.

The shares represent around 0.4359% of the company's issued share capital.

The scheme can have up to 1,515 participants, spanning senior leadership and core personnel across the firm and its subsidiaries.

The scheme, which involves the issue of new China-listed shares by the firm, is subject to the relevant shareholder approvals and regulatory requirements.

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