Zijin Mining Unlocks A Shares from 2020 Scheme

Zijin Mining Group Co., Ltd. announced the unlocking and listing of 754,800 restricted A shares under the third unlocking period of its 2020 reserved grant incentive scheme. These shares, representing 0.003% of the company’s total shares, will become listed and tradable on December 8, 2025. The unlocking follows the satisfaction of all performance appraisal targets and conditions at both company and individual levels for 2023.

A total of 33 participants, including director and vice-president Wu Jianhui, as well as other senior management and core employees, met the criteria for unlocking. The unlocked shares represent 34% of the total restricted A shares granted under the reserved grant. The grant price for these shares was RMB4.83 per A share.

The company's performance for 2023 surpassed targets, with a compound annual net profit growth rate of 52.68% (target: 25%), a return on net assets of 20.14% (target: 10%), and a debt-to-asset ratio of 59.66% (target: below 65%).