Xinjiang Xinxin Mining adjusts incentive plan, second exercise period begins

Xinjiang Xinxin Mining Industry Co., Ltd. announced adjustments to its 2021 H Share Appreciation Rights Incentive Plan. The number of grantees was adjusted from 96 to 93, reducing effective equity interests from 34,685,000 shares to 33,965,000 shares due to resignations, retirement, and other factors. The board confirmed these adjustments would not materially impact the company's financial position or operations.

The company's 2021 H Share Appreciation Rights Incentive Plan has officially entered its second exercise period, spanning from October 29, 2024, to October 28, 2025. The board confirmed that the exercise conditions for this period have been met, based on the company's 2022 audited financial statements. Key performance targets, including cash return on net assets (22.77%), growth rate of total profit (710.63%), and operating profit margin (29.48%), all exceeded their respective benchmarks.

A total of 11,002,530 shares are exercisable by 92 eligible participants at an exercise price of HK$1.31 per share. The company will facilitate a bulk exercise on September 5, 2025, within the stipulated exercise window.