Beijing New Building Materials completes restricted stock grant

Beijing New Building Materials Public Company announced the completion of its 2024 restricted stock incentive plan's initial grant registration. On June 27, 2025, 10,882,500 restricted shares were issued at a price of 17.335 yuan per share, adjusted from 18.20 yuan following the 2024 profit distribution. These shares are distributed among 332 incentivized individuals and will be listed on September 8, 2025.

The total number of initially granted restricted shares was adjusted from 11,027,500 after 12 participants voluntarily forewent 145,000 shares. The funds raised from this issuance, totaling 188,648,137.50 yuan, will be used to supplement the company's working capital. Post-grant, the company's registered capital increased to 1,700,390,342 yuan from 1,689,507,842 yuan.

This restricted stock plan is valid for a maximum of 72 months, with release periods spanning 24 to 60 months from the registration date, subject to performance targets. The plan includes company-level performance metrics, such as compound growth rate of net profit attributable to shareholders (excluding non-recurring gains and losses) and return on equity, along with individual and business unit performance assessments.