China Chemical Engineering shares released in second restricted period

China National Chemical Engineering Co., Ltd. announced the lifting of restrictions on 18,486,600 shares for 458 eligible incentive recipients under its 2022 Restricted Stock Incentive Plan. This represents approximately 0.3027% of the company's total share capital. The shares will become unrestricted and available for trading on November 11, 2025.

The lifting of restrictions follows the fulfillment of the second restricted period conditions, which covered the period from 36 months after the registration date to 48 months after, concluding on November 11, 2025. Company performance targets for 2024, including a weighted average return on net assets excluding non-recurring gains and losses of 9.21% and a compound growth rate of net profit attributable to shareholders of 16.71%, were met. Individual performance assessments further confirmed eligibility, with 455 out of 461 recipients achieving "excellent" or "good" ratings, allowing for 100% release of their eligible shares.

A total of 5,996.00 million restricted shares were granted on September 26, 2022, at a price of 4.81 yuan/share, to 485 recipients. The first restricted period, which concluded on November 11, 2024, saw 20,070,200 shares become unrestricted. Following the current release, China National Chemical Engineering Co., Ltd.'s restricted shares will decrease to 18,810,000, while unrestricted shares will rise to 6,088,067,362.