Hunan Silver completes 2025 restricted stock grant registration

Hunan Silver Co., Ltd. has completed the registration for its 2025 restricted stock incentive plan. The initial grant, registered on September 24, 2025, involved 17.38 million restricted shares issued to 117 employees at 1.92 yuan per share. The shares are sourced from the company's repurchased A-share ordinary stock.

The total incentive cost is estimated at 100,699,800.00 yuan, to be amortized over several years, with 12,587,475.00 yuan in 2025. The company confirmed that this plan does not alter its total share capital or the shareholding ratio of its controlling shareholder, thus maintaining its listing qualifications and control.

The incentive plan includes performance conditions for unlocking shares over three accounting years (2025-2027), based on metrics like non-recurring net asset yield, total operating revenue growth (excluding trading revenue), and total asset turnover. The funds raised, totaling 33,369,600.00 yuan, will be used to supplement the company's working capital.