Zijin Mining: Third A Share Tranche Unlocked

Zijin Mining Group Co., Ltd. has confirmed that the unlocking conditions for the third unlocking period of its Reserved Grant Restricted A Shares under the 2020 Incentive Scheme have been met. This period, which commenced from the first trading day after the 48-month mark from the registration date of December 8, 2021, is set to expire on December 7, 2025.

A total of 33 participants in the Incentive Scheme qualified for this unlocking, with 754,800 Restricted A Shares eligible for release. This represents 34% of the total Restricted A Shares granted under the Reserved Grant, amounting to approximately 0.003% of the company's total shares. The board and supervisory committee both approved the proposal on October 17, 2025.

The company affirmed that all unlocking conditions, including company performance targets and individual participant appraisals, were satisfied. Key performance indicators for 2023 included a compound annual net profit growth rate of 52.68% (exceeding the 25% target) and a return on net assets of 20.14% (above the 10% target). The debt-to-asset ratio stood at 59.66%, below the 65% target.