Huaxin Cement establishes committee for 2025 employee stock ownership plan

Huaxin Cement Group Co., Ltd. announced resolutions from the first meeting of holders for its 2023-2025 core employee stock ownership plan (Phase III, 2025), held on December 11, 2025. The meeting included 732 participants representing 37.4565 million units, or 95.54% of the plan's total 39.2068 million units.

Key approvals included establishing a five-member management committee for the 2025 plan, responsible for its daily oversight and safeguarding shareholder rights. Mr. Ye Jiaxing was elected as the committee's chairman. All resolutions passed with 100% approval from attending holders.

The management committee was granted broad authorization to manage various aspects of the plan. This includes convening holder meetings, overseeing asset management (such as utilizing cash dividends for wealth management products), exercising shareholder rights, appointing professional service providers, managing interest distribution, handling share registration and disposal, and formulating schemes for company refinancings like additional share issuance or convertible bonds.