Zheng Quan Zhi Xing·2025-06-16 11:52Core Points - The announcement details the completion of the registration for the 2023 restricted stock incentive plan of China Aluminum International Engineering Corporation, with a total of 2 million shares reserved for grant [1][2] - The plan involves 21 eligible recipients, with the total reserved shares representing 0.07% of the current total share capital [2] - The stock will have a maximum lock-up period of 72 months, with specific release schedules at 24, 36, and 48 months [3][5] Summary by Sections Restricted Stock Grant Details - The board approved the grant of 2 million restricted shares to 21 eligible recipients on May 26, 2025 [1] - The legal and financial advisory reports were provided by Beijing Jiayuan Law Firm and China International Capital Corporation, respectively [1] Lock-up and Release Schedule - The release of the restricted shares will occur in three phases: 40% after 24 months, 30% after 36 months, and 30% after 48 months [5][6] - During the lock-up period, recipients cannot transfer or use the shares as collateral [3] Financial Contributions and Capital Structure - The total funds raised from the stock grant amount to RMB 4.56 million, with RMB 2 million allocated to share capital and RMB 2.56 million to capital reserves [4] - The total share capital of the company will increase to 2,987,836,267 shares following the grant [7] Impact on Company Control and Financials - The grant will not change the control of the company, as the controlling shareholder, China Aluminum Group, retains a 72.85% stake [6] - The total cost of the restricted stock is estimated at RMB 4.24 million, with amortization planned from 2025 to 2029 [8][9]