Guangzhou Automobile Group (02238) had a cumulative exercise of 28,726,700 shares during the first exercise period of the A-share stock options and restricted stock incentive plan in 2020.

Guangzhou Automobile Group (02238) announced that the first exercise period of the A-share stock option and restricted stock incentive plan for 2020 has resulted in the exercise of 292,700 shares. Starting from December 12, 2022, the exercise period has entered into force. As of August 31, 2023, a total of 28,726,700 shares have been exercised, accounting for 80.77% of the total stock option quantity available for exercise in the first exercise period.