Xinyu Iron & Steel announces first restricted stock grant

Xinyu Iron & Steel announced the successful initial grant of its A-share restricted stock incentive plan. The registration was completed on July 2, 2025, with a total of 36.89 million shares granted to 152 eligible recipients at a price of CNY 2.15 per share. The shares are sourced from newly issued ordinary A-shares. This grant increases the company's total share capital to 3,182,542,149 shares. The funds raised, totaling CNY 79,313,500.00, will be used to supplement the company's working capital. The holding ratio of the controlling shareholder, Xinyu Iron and Steel Group, will be passively diluted to 45.88%. The restricted shares will be under a 24-month lock-up period, with phased unlockings occurring over the subsequent 36 months.