Xinyu Iron & Steel gains approval for stock incentive plan

Xinyu Iron & Steel (SSE:600782) announced that it has received approval from the State-owned Assets Supervision and Administration Commission (SASAC) for its first restricted stock incentive plan. The approval, documented under the reference number 国资考分[2025]160号, was relayed to the company by China Baowu Steel Group Corporation Limited ("Baowu Steel Group"). The company's board of directors had previously approved the plan in meetings held on December 31, 2024, and April 25, 2025. Details of these board resolutions can be found on the Shanghai Stock Exchange website (www.sse.com.cn). The implementation of the stock incentive plan is still subject to shareholder approval. The company advised investors to pay attention to investment risks.