CHERY AUTO (09973) has announced that the board of directors has passed a resolution proposing the adoption of an H-share incentive plan for the company.

The objectives of the H-share incentive scheme are to further motivate and retain the company's core team; to establish a long-term community of interest in the company's shares among the grantees, the company itself, and its shareholders; to reinforce a performance-oriented operational philosophy; to promote an incentive culture of shared value creation; to enhance team cohesion and core competitiveness; and to facilitate the company's long-term development.