XCMG incentive plan reaches key milestone; restrictions lifted

XCMG Construction Machinery (SZSE:000425) has announced that the conditions for lifting the restriction on the first release period of the initial grant of its 2023 restricted stock incentive plan have been met. This decision, approved by XCMG’s board and supervisory committee, impacts 1,616 eligible employees who will be able to unlock a total of 3,388.1052 million shares, representing 0.29% of the company’s current share capital. The board’s compensation and assessment committee has expressed its agreement with lifting the restriction, which is pending procedural completion and public notification.