China Railway to cancel restricted shares from incentive plan

China Railway Group (SSE:601390) announced the upcoming cancellation of 856,199 restricted A-shares previously granted under its 2021 restricted stock incentive plan. The decision, approved by the board on March 13, 2025, is due to five incentive recipients no longer meeting eligibility criteria. Two individuals are now ineligible to hold company stock, and three others are no longer able to perform their duties effectively. The cancellation is scheduled for June 12, 2025, and will reduce the company's total share capital from 24,741,865,118 to 24,741,008,919 shares, with the number of restricted A shares falling to 58,760,978. China Railway has complied with relevant regulations and notified creditors, with no objections received.