Huaxin Cement completes employee stock plan share sales

Huaxin Cement Co has sold all shares held under its 2020-2022 core employee stock ownership plan, converting the total assets to cash.

The plan originally held 21,039,361 repurchased A-shares transferred to a dedicated securities account in May 2021. Share sales were completed by July 24, 2025, through centralized bidding transactions.

A total of 17,604,206 A-shares that failed to meet performance targets were cancelled in August 2023. The plan will now be terminated following asset distribution to participants.