Beijing New Building Materials gets approval for stock plan

Beijing New Building Materials Public Company announced that it has obtained approval from its actual controller, China National Building Material Group Co., Ltd., for the implementation of its 2024 restricted stock incentive plan. The plan was initially approved at the company's board and supervisory board meetings on December 31, 2024, and outlined in detail in documents disclosed on the Shenzhen Stock Exchange and Juchao Information websites on January 2, 2025. The approval follows consent from the State-owned Assets Supervision and Administration Commission of the State Council. The company will now submit the incentive plan for shareholder approval before implementation. The company has pledged to adhere to relevant laws and regulations, including the "Company Law of the People's Republic of China" and the "Securities Law of the People's Republic of China."