China Aluminum shares unlocked for second restricted period

Aluminum Corporation of China Ltd. has announced the unlocking and listing of 7,742,752 restricted shares from the reserved grant portion of its 2021 restricted stock incentive plan. The shares are scheduled to commence trading on December 23, 2025. This move follows the successful achievement of performance targets and individual assessment criteria for the second unlocking period.

The incentive plan's reserved grant portion, initially granted on November 24, 2022, with a registration date of December 23, 2022, has reached the end of its second restricted period on December 22, 2025. This unlocking represents 30% of the total shares granted in this portion, with 270 incentive recipients eligible.

The company met its performance targets for 2023, including a 156.18% compound growth rate in net profit attributable to shareholders, a 51.61% cash return on net assets, and an EVA target of RMB9.8 billion. Post-unlocking, the company's total share capital remains at 17,155,632,078 shares, with the number of restricted A-shares decreasing by 7,742,752 to 38,300,939 shares.