Inner Mongolia Yuan Xing Energy unlocks restricted stock for 189 employees

Inner Mongolia Yuan Xing Energy announced the achievement of conditions for the second unlocking period of its 2023 restricted stock incentive plan. A total of 189 incentive recipients will unlock 25,977,000 restricted shares, representing 0.6989% of the company's total share capital. The company's board of directors, supervisory board, and remuneration and assessment committee have all approved the unlocking.

The second unlocking period runs from the 24th month after the initial grant registration date to the 36th month. The initial grant registration was completed on November 29, 2023, making the unlock date December 1, 2025. The company's 2024 net profit after deducting non-recurring gains and losses was 2,071,861,888.77 yuan, with a year-on-year growth rate of approximately 12%, which satisfied the company-level performance target. All 189 recipients achieved "good" or above in their 2024 individual performance assessments, qualifying for a 100% unlocking ratio for their eligible shares.

This unlocking follows several adjustments to the incentive plan since its inception. Initially, 231 individuals were granted 118,860,000 shares, later adjusted due to resignations, renunciations, and position changes. The latest adjustments include buybacks of 9,406,000 shares in January 2024, 20,437,500 shares in April 2025, and 19,075,000 shares in September 2025.