China Molybdenum to adopt H share restricted share scheme

China Molybdenum (CMOC Group Limited) announced plans to adopt an H Share Restricted Share Scheme, pending shareholder approval at an Extraordinary General Meeting on October 15, 2025. This scheme is designed to strengthen connections with key personnel, recognize high-performing employees, and attract talent by offering equity incentives. The scheme will enable the grant of "Incentive Shares" in the form of H Shares or their cash equivalent to eligible participants, including employees, directors, and certain service providers.

The total number of H Shares issued under all share schemes, including this new one, will not exceed RMB393,345,000, representing 10.0% of issued H Shares. A sublimit for Service Provider Participants is set at RMB39,333,000, or 1.0% of issued H Shares. These limits exclude treasury shares and require shareholder approval for refreshment or grants exceeding the mandate.

The scheme will be administered by the board and a trustee for a period of ten years from its adoption date, subject to early termination. The vesting period for Incentive Shares will generally be no less than 12 months, with exceptions for new joiners, specific termination events, or performance-based criteria.