Anning Titanium unveils 2025 restricted stock incentive plan, project delay

Sichuan Anning Iron And Titanium Co., Ltd. is implementing a 2025 Restricted Stock Incentive Plan to incentivize 33 key personnel, including directors, senior management, and core technical/business staff. The plan will grant 722,600 restricted shares, representing 0.15% of the company’s total share capital, at a price of 20.60 yuan per share. These shares will be sourced from company repurchases of A-shares, with a total estimated amortization expense of 8.281m yuan recognized over two years. The plan's effectiveness, subject to shareholder approval, will span a maximum of 36 months from the grant registration date.

The incentive plan's vesting is tied to performance targets, including a 12% growth rate in operating income or main product sales volume for 2026, and a 35% growth rate for 2027, both based on the average from 2023-2025. Individual performance evaluations will further determine the actual unlockable proportion of shares.

Concurrently, the company announced a delay in its "Annual Output of 60,000 Tons of Energy-Grade Titanium (Alloy) Material Full Industrial Chain Project." The project's completion date has been extended from December 31, 2025, to June 30, 2026, due to extended delivery times for customized equipment and optimized design. This extension is not expected to alter the project's scope, investment, or impact its long-term development.