Aluminum Corporation of China unlocks second restricted share period

Aluminum Corporation of China Limited announced the satisfaction of unlocking conditions for the second unlocking period under its 2021 Restricted Share Incentive Scheme's Reserved Grant. A total of 270 participants are eligible to unlock 7,742,752 restricted shares, representing approximately 0.045% of the company's total share capital. The listing date for these shares is set for December 23, 2025.

The company met all performance appraisal targets for 2023, including a compound growth rate of net profit attributable to shareholders of 156.18%, exceeding the 75% threshold and the 75th percentile of benchmarking enterprises (58.52%). The Economic Operating Efficiency (EOE) for 2023 was 51.61%, surpassing the 28.5% target and the 75th percentile of benchmarking enterprises (29.74%). The company also achieved an actual EVA of RMB9.8 bn, exceeding the board's target of RMB1.88 bn.

Individual performance appraisals showed that 263 participants achieved results of 80 or above, making them eligible to unlock all their restricted shares for the current period. Seven participants who resigned due to retirement or job transfers beyond their control could unlock a portion, while six no longer eligible due to death or voluntary resignation had their shares repurchased and cancelled.