Xinyu Iron & Steel plans equity incentive scheme

Xinyu Iron & Steel Co., Ltd. has announced its upcoming second extraordinary shareholders meeting for 2025, where key agenda items include the consideration and approval of a proposed A-share restricted stock incentive plan (revised draft). Shareholders will also vote on the plan's performance assessment methods and management procedures. The company seeks authorization from the shareholders to allow the board of directors to handle matters related to the equity incentive plan. Further, the meeting will include the election of an independent director, with Li Jun nominated as a candidate. The meeting is scheduled for June 25, 2025, and will involve a combination of on-site and online voting.