Huaxin Cement streamlines governance, adjusts stock incentive plan

Huaxin Cement announced on December 10, 2025, that its board of directors approved the abolishment of the supervisory board. Its functions will be transferred to the board's audit committee, leading to corresponding amendments in the company's articles of association and related internal rules. This significant governance change requires approval by a special resolution at a shareholders' meeting.

Concurrently, Huaxin Cement adjusted the exercise price of its 2025 A-share restricted stock incentive plan from 9.24 yuan to 8.90 yuan per share. This adjustment follows the implementation of the company's third-quarter 2025 equity distribution plan, which involved a cash dividend of 0.34 yuan per share. The company granted 2.578 million restricted A-shares to 11 eligible management personnel, including executive directors and vice presidents, on December 9, 2025, with vesting periods of 36 and 48 months.

The board's compensation and appraisal committee confirmed that both the company and the beneficiaries met the incentive plan's conditions. This strategic move aims to enhance governance efficiency and incentivize core management, with the financial impact on future net profits expected to be manageable.