Pangang Vanadium Titanium to release restricted shares

Pangang Group Vanadium Titanium & Resources (SZSE:000629) will release 3,977,050 restricted shares, accounting for 0.0428% of the company's total share capital, to 91 eligible employees on February 20, 2025, marking the second phase release of its 2021 restricted stock incentive plan. The company's board of directors approved the share release, determining that the incentive plan's conditions were met based on its 2023 financial performance, including a 9.39% return on total assets and net profit growth targets exceeding the benchmark and positive Economic Value Add. In related news, a shareholder meeting held on February 21, 2025, approved the election of Wang Shaodong as an independent director. All appropriate procedures for the share releases have been adhered to, including announcements made 15 days in advance.