China Molybdenum proposes restricted share plan for talent retention

China Molybdenum has proposed an H-share Restricted Share Plan to attract and retain professional talent and deepen ties with key personnel. The board approved the plan, which will be presented for shareholder review at the 2025 First Interim Shareholders' Meeting on October 15, 2025.

The plan's authorized limit for all share plans, including options and awards, will not exceed 393,345,000 H shares, representing approximately 10.0% of the total H shares issued as of the EGM date. A sub-limit for service provider participants is set at 39,333,000 H shares, or approximately 1.0% of the total H shares issued.

The board also seeks shareholder authorization to manage and operate the plan, including modifying terms, allocating shares, applying for listing and trading approval, and making necessary amendments to the company's articles of association. These resolutions require special shareholder approval and will be put to a vote at the upcoming shareholders' meeting.