Huaxin Cement completes share purchase for employee stock plan

Huaxin Cement Company Limited announced the successful completion of the share purchase for the third phase (2025) of its 2023-2025 core employee stock ownership plan. The plan, approved by the board on May 27, 2025, utilized RMB 39,206,800 from the company's 2025 long-term incentive compensation for the incentivized employees.

As of the disclosure date, the dedicated securities account for this phase of the plan holds 2,993,006 A-shares, representing 0.1440% of the company's total share capital. The shares were acquired at an average price of RMB 13.1 per share, excluding transaction fees.

The acquired shares are subject to a lock-up period of 12 months from the announcement date. Unlocking will occur in three stages: 30% after 12 months, 30% after 24 months, and 40% after 36 months from the date the last batch of shares is transferred to the plan's account. Any shares derived from stock dividends or capital reserve conversions will also adhere to these lock-up arrangements.