Yankuang Energy to cancel restricted shares from incentive plan

Yanzhou Coal Mining (SSE:600188) announced it will cancel 2,379,858 restricted A-shares granted under its 2021 equity incentive plan. The cancellation affects 41 incentive recipients, including 27 who no longer meet the conditions due to job changes, five with failing performance evaluations, and nine with passing performance evaluations. The repurchase and cancellation were approved at the company’s ninth session of the thirteenth board meeting on February 24, 2025. The shares are expected to be officially canceled on April 29, 2025, reducing the total number of restricted shares under the incentive plan to 38,069,460. The company has completed the necessary procedures and notified creditors.