Aluminum Corp of China releases restricted shares, adjusts repurchase price

Aluminum Corp of China's 2021 Restricted Stock Incentive Plan is proceeding with the second restricted period's release of 7,742,752 restricted shares, set to become tradable on December 23, 2025. This follows the fulfillment of performance and individual assessment conditions, including a 2023 net profit compound growth rate of 156.18% and EVA completion of RMB 9.8 bn, exceeding the target of RMB 1.88 bn. The release benefits 270 incentive participants.

Concurrently, the company is repurchasing 660,751 restricted shares from 15 incentive participants due to retirement, voluntary resignation, or other disqualifying reasons. The repurchase price for these shares, initially granted in the first tranche, has been adjusted from RMB 2.72 per share to RMB 2.60 per share, and for reserved grants from RMB 1.88 per share to RMB 1.76 per share. This adjustment accounts for a 2025 interim dividend distribution of RMB 0.123 per share.

These actions have been approved by the board of directors and the supervisory board and comply with relevant laws and regulations. Post-release, the company's total share capital remains unchanged, with a decrease in restricted A-shares and a corresponding increase in unrestricted A-shares.