Lingyuan Iron & Steel grants 5.31m restricted shares to 96 recipients

Lingyuan Iron & Steel Co., Ltd. announced the successful registration of 5.31 million reserved restricted shares on October 29, 2025, as part of its 2024 restricted stock incentive plan. The shares were granted to 96 eligible incentive recipients at an exercise price of 1.00 yuan per share. This grant utilizes shares repurchased by the company from the secondary market, ensuring no change in the company's total share capital or impact on the controlling shareholder's ownership.

The total cost associated with these 5.31 million restricted shares is estimated at 5.841 million yuan, which will be recognized across relevant fiscal years. For 2025, the company anticipates recognizing 814,800 yuan in share-based payment expenses. The allocation of these expenses continues through 2029, with projected costs of 2.1028 million yuan in 2026, 1.7293 million yuan in 2027, 890,000 yuan in 2028, and 304,100 yuan in 2029.

The restricted shares are subject to a lock-up period, with three tranches scheduled for release after 24, 36, and 48 months from the grant registration date. These releases correspond to 33%, 33%, and 34% of the granted shares. The funds raised from this incentive plan, totaling 5.31 million yuan, will be used to supplement the company's working capital.