Zijin Mining unlocks restricted shares, adjusts stock options after profit distribution

Zijin Mining Group Co., Ltd. announced that the conditions for lifting the third restriction period for the reserved grant portion of its 2020 Restricted Stock Incentive Plan have been met. This allows 33 eligible beneficiaries to unlock a total of 754,800 restricted shares, representing 34% of the shares originally granted in this portion. These shares account for 0.003% of the company's total outstanding shares.

Concurrently, the company is adjusting its 2023 Stock Option Incentive Plan. Due to various profit distributions, the exercise price for stock options has been adjusted from 12.00 yuan per share to 11.15 yuan per share. The first exercise period conditions have been met, allowing 12 eligible individuals to exercise 13.1 million stock options.

Additionally, Zijin Mining will repurchase and cancel 10,200 restricted shares from one employee who is no longer eligible under the 2020 Restricted Stock Incentive Plan. This will reduce the company's total shares from 26,577,573,940 to 26,577,563,740. The repurchase price has been adjusted to 3.58 yuan per share, down from 4.08 yuan per share, following profit distributions.