China Communications Construction unlocks 31m restricted shares

China Communications Construction Company Limited unlocked 31.2 million restricted A-shares for trading on July 18, 2025, representing 33.75% of its 2022 incentive plan.

The unlock followed strong 2023 performance, with compound net profit growth of 13.4% (beating the 8% target) and return on equity of 8.87% (surpassing 7.7% target).

The original grant in May 2023 involved 97.95 million shares at 5.33 yuan per share to 658 recipients, with 625 now eligible for this first tranche.