XCMG Construction Machinery lifts restrictions on first tranche of incentive shares

XCMG Construction Machinery (SZSE:000425) announced that the first restricted period for the reserved grant portion of its 2023 restricted stock incentive plan has achieved the conditions for lifting restrictions. This involves 196 eligible incentive participants, with a total of 2,465,051 shares of restricted stock now cleared for circulation. This represents 0.02% of the company's current total share capital. The shares are scheduled to commence circulation on December 31, 2025.

The board of directors approved the lifting of restrictions for these shares on December 22, 2025. The initial registration date for the reserved restricted shares was December 28, 2023, with the first restricted period ending on December 27, 2025. All necessary procedures for lifting these restrictions have been completed with the China Securities Depository and Clearing Corporation Limited Shenzhen Branch.

The company's performance metrics for 2023, including a net asset yield of 9.86% and a net profit of 5,326,470,288.96 yuan, surpassed the industry average, fulfilling the performance assessment targets. Additionally, 196 incentive participants met individual performance assessment standards, allowing their shares to be unrestricted.