Great Wall Motor Company Limited Announces Key Resolutions for H Shareholders’ Class Meeting
Great Wall Motor Company Limited (Stock Code: 02333/82333) has released the notice for its upcoming H Shareholders’ Class Meeting, scheduled for June 26, 2026. The meeting is set to take place at the Conference Room, Great Wall Motor HAVAL Research and Development Center, Baoding, Hebei, China. This notice contains several resolutions that are highly relevant to investors and could potentially impact the company’s share price.
Key Points and Potential Price-Moving Resolutions
- Share Repurchase Mandate:
- The Board is seeking authorization to repurchase up to 10% of both A Shares and H Shares in issue as of the date the relevant resolutions are passed. This repurchase can be executed during the “Relevant Period,” which lasts until the next AGM, 12 months after the meeting, or until the authority is revoked/varied by shareholders.
- The repurchase is subject to all necessary regulatory approvals and compliance with PRC, Hong Kong, and Shanghai regulations.
- The Board is empowered to determine the timing, amount, and price of repurchases, notify creditors, make necessary filings, and handle share cancellation, capital reduction, and amendments to the Company’s Articles of Association.
- Share repurchases are often considered price supportive and may signal management’s confidence in the company’s valuation, which is potentially price sensitive.
- 2026 Restricted Share Incentive Scheme:
- The meeting will vote on the adoption of the 2026 Restricted Share Incentive Scheme (Draft) and its related summary and appraisal measures. These documents were published by the company on June 4, 2026.
- The scheme aims to align management and employee interests with those of shareholders, potentially improving operational execution and long-term value.
- A proposal is included to grant the Board and its delegates full discretion to manage all matters related to this incentive scheme.
- Termination of 2023 ESOP:
- Shareholders will consider a proposal to repurchase and cancel some shares under the 2023 Employee Stock Ownership Plan (ESOP) and terminate the 2023 ESOP.
- This action could affect the company’s share capital structure and may have direct implications for supply-demand dynamics of the company’s shares.
Important Information for Shareholders
- Eligibility: Only holders of H shares as of 4:30 p.m. on June 22, 2026, are eligible to attend and vote.
- Proxy Voting: Shareholders can appoint proxies. All proxies and related documents must be delivered to Computershare Hong Kong Investor Services Limited by no later than 24 hours before the meeting.
- Closure of Register: The register of members will be closed from June 23 to June 26, 2026 (both days inclusive).
- On-site Registration: Open from 1:00 p.m. to 1:50 p.m. on June 26, 2026.
- Travel and Accommodation: Attendees must cover their own expenses.
Board Composition
As of the date of notice, the Board consists of Executive Directors Wei Jian Jun, Zhao Guo Qing, and Li Hong Shuan; Employee Director Lu Cai Juan; Non-executive Director He Ping; and Independent Non-executive Directors Yue Ying, Fan Hui, and Tom Siulun Chau.
Potential Impact Analysis
- Repurchase Mandate: May signal undervaluation and support the share price if executed.
- Incentive Scheme: Aligns interests and could enhance operational performance.
- ESOP Termination: Reduction of share overhang could be perceived positively or negatively depending on market sentiment.
Investors are advised to monitor the outcomes of this meeting closely as these resolutions, if approved, could have a direct impact on Great Wall Motor’s share price and capital structure.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult their financial advisors before making any investment decisions. The author and publisher are not responsible for any losses arising from reliance on this information.
長城汽車 H 股股東大會重要決議——潛在影響股價動向
長城汽車股份有限公司（股份代號：02333/82333） 已發布其即將於 2026年6月26日 舉行的 H 股股東大會通告。會議地點為河北省保定市蓮池區朝陽南大街2076號長城汽車哈弗研發中心會議室。多項重大決議將於會上審議，這些事項對投資者和股價均有潛在影響。
重點及潛在影響股價的決議
- 股份回購授權：
- 董事會擬獲授權於「相關期間」內回購不超過已發行A股及H股各自10%的股份。相關期間可至下屆股東周年大會、決議通過12個月內或授權被撤銷/更改時止。
- 股份回購須獲監管機構批准，並符合中國、香港及上海相關法規。
- 董事會可全權決定回購時間、數量、價格，及辦理債權人通知、股份註銷、修改公司章程等事宜。
- 股份回購通常被視為支持股價的訊號，有潛在提升股價的作用。
- 2026年限制性股票激勵計劃：
- 會議將審議通過 2026年限制性股票激勵計劃（草案）及相關摘要和考核管理辦法，文件已於2026年6月4日公開。
- 該計劃旨在對齊管理層及員工與股東利益，有助於提升公司業績及長遠價值。
- 董事會及其授權人員將獲全權處理所有相關事宜。
- 終止2023年員工持股計劃（ESOP）：
- 將審議回購及註銷部分2023年員工持股計劃股份並終止該計劃。
- 這可能影響股份供應結構，對市場供求關係有直接影響。
股東需知事項
- 出席資格： 2026年6月22日下午4:30前於股東名冊登記之H股股東可出席及投票。
- 委託投票： 股東可書面委託代理人，相關文件須於會議前24小時送達香港中央證券登記有限公司。
- 股東名冊休市： 2026年6月23日至6月26日（包括首尾兩日）。
- 現場登記： 2026年6月26日1:00-1:50 p.m.。
- 交通住宿： 需自理。
董事會組成
截至通告日，董事會成員包括：執行董事魏建軍、趙國慶、李紅栓；職工董事呂彩娟；非執行董事何平；獨立非執行董事岳穎、樊輝、周小麟。
潛在影響分析
- 股份回購： 或反映低估並支持股價。
- 激勵計劃： 對齊管理層利益，或提升營運績效。
- ESOP終止： 減少股份供應過剩，視市場情緒有正面或負面作用。
建議投資者密切關注是次會議決議，因相關事項獲通過後或對長城汽車股份結構及股價帶來直接影響。
免責聲明：本文章僅供參考，並不構成任何投資建議，投資者應諮詢專業財務顧問作出決策，作者及出版方對因依賴本文章內容造成的任何損失概不負責。
