China Molybdenum proposes H share restricted share scheme

China Molybdenum Group Limited announced on September 23, 2025, a proposal to adopt an H Share Restricted Share Scheme, pending shareholder approval. The scheme aims to strengthen the connection between the company and its key personnel, including directors (excluding independent non-executive directors), supervisors, senior management, employees, and service providers, aligning their interests with the group's long-term objectives and fostering talent retention.

The incentive shares for the scheme will be sourced from existing H Shares acquired from the secondary market, new H Shares allotted by the company, or treasury shares. The board will determine the purchase price, which may include nil consideration. The total number of H Shares issued under the scheme and other share schemes will not exceed 393,345,000 H Shares, representing approximately 10.0% of the total issued H Shares as of the adoption date.

A sublimit for service provider participants restricts their allocation to 39,333,000 H Shares, or 1.0% of issued H Shares. Individual participants cannot receive grants exceeding 1% of total issued H Shares within a 12-month period. The scheme has a validity period of ten years from the adoption date, with vesting periods of at least 12 months, though exceptions apply for new joiners, terminations due to death or disability, performance-based vesting, or administrative delays.