Lingbao Gold proposes share award scheme for talent retention

Lingbao Gold Group Company Ltd. will seek shareholder approval for a share award scheme at an extraordinary general meeting on August 5, 2025.

The scheme would be valid for ten years, with awards capped at 5% of total H shares outstanding. Individual participants cannot receive more than 1% of total H shares over 12 months.

Awarded shares vest gradually over four years: zero availability in the first year, then 33%, 33% and 34% in subsequent years. Awards include clawback provisions under specific circumstances.