Great Wall Motor repurchases more than 13 million Hong Kong shares worth nearly HK$200 million

On June 10, Great Wall Motor announced that the company repurchased more than 13 million Hong Kong shares on the Hong Kong Stock Exchange on the same day, with an average repurchase price of HK$15.20 per share, with a total value of about HK$200 million.The purpose of this repurchase by Great Wall Motors is to effectively safeguard the legitimate interests of the majority of investors, enhance investors' confidence in the company's future development prospects, and enhance the recognition of the company's value.

In the first quarter of 2022, Great Wall Motor's operating income reached 33.6 billion yuan, a year-on-year increase of 8.04%; its net profit reached 1.6 billion yuan.In April this year, many parts suppliers of Great Wall Motors were affected by the epidemic in many places in China, resulting in limited factory production capacity.With the orderly resumption of work and production by upstream supply chain enterprises, the supply of parts and logistics has been significantly eased, and Great WallMotor's saleshave steadily recovered.In May, Great Wall Motors sold 80,062 vehicles, a month-on-month increase of 48.9%.Among them, the proportion of high-value products continued to increase, and the sales of models above 150,000 yuan accounted for 14.9%; overseas sales were 12,317, an increase of 59.3% month-on-month.