Zijin Mining advances employee incentive plans

Zijin Mining Group will vest 754,800 restricted shares from the reserved grant portion of its 2020 Restricted Stock Incentive Plan on December 8, 2025. This represents 34% of the total reserved granted shares and applies to 33 incentive recipients. They fulfilled all performance targets, including a 2023 net profit compound annual growth rate of 52.68% and a net asset return of 20.14%, both exceeding targets.

Concurrently, the company also confirmed the first exercise period for its 2023 Stock Option Incentive Plan, with 12 incentive recipients exercising 13.1 million stock options. The exercise price per share, adjusted for previous equity distributions, is CNY 11.15. This first exercise period, starting December 8, 2025, accounts for one-third of the total granted stock options. One incentive recipient's 2.7 million unexercised stock options have been canceled.

These actions underscore Zijin Mining's commitment to its incentive programs, aligning employee performance with company growth and shareholder value. The total number of shares with unlimited sales conditions will increase to 26,577,533,140 as a result of the vesting.