Yancoal Australia cancels performance share rights due to employee resignations

Yancoal Australia Ltd has announced the cessation of performance share rights under its Equity Incentive Plan, following employee resignations from the company. A total of 45,835 performance share rights have been cancelled.

This cancellation includes 5,383 rights from the 2023 STIP (Short-Term Incentive Plan) and 40,452 rights from the 2024 STIP. The cancelled 2023 STIP rights had a vesting date of 1 March 2026. For the 2024 STIP rights, vesting was scheduled as 50% on 1 March 2026 and the remaining 50% on 1 March 2027.

The Equity Incentive Plan was initially approved by the company's shareholders at its annual general meeting on 30 May 2018. This announcement was made in Hong Kong on 8 September 2025. The company's board includes executive director Mr. Ning Yue, non-executive directors Mr. Gang Ru (chairman), Mr. Jiuhong Wang, Mr. Xiaolong Huang, Mr. Zhiguo Zhao, and Mr. Ang Li, along with independent non-executive directors Mr. Gregory James Fletcher, Ms. Debra Anne Bakker, and Mr. Peter Andrew Smith.