China Railway held a board of directors meeting on August 30, 2024, and approved the proposal for the first batch of partial lifting of restrictions on the "2021 Restricted Stock Incentive Plan." According to the plan, the restricted stocks will be unlocked in three batches, with the first unlocking period starting on December 2, 2024, accounting for 1/3 of the quantity of restricted stocks. The company meets all the conditions for unlocking, including financial indicators and individual performance evaluations of incentive recipients. The number of restricted stocks to be unlocked this time is 3,958,098 shares, which will be listed for trading on December 2, 2024. After the restrictions are lifted, the restricted Class A shares will decrease to 119,831,598 shares, and the unrestricted Class A shares will increase to 20,423,408,219 shares...Show More

China Railway held a board of directors meeting on August 30, 2024, and approved the proposal for the first batch of partial lifting of restrictions on the "2021 Restricted Stock Incentive Plan." According to the plan, the restricted stocks will be unlocked in three batches, with the first unlocking period starting on December 2, 2024, accounting for 1/3 of the quantity of restricted stocks. The company meets all the conditions for unlocking, including financial indicators and individual performance evaluations of incentive recipients. The number of restricted stocks to be unlocked this time is 3,958,098 shares, which will be listed for trading on December 2, 2024. After the restrictions are lifted, the restricted Class A shares will decrease to 119,831,598 shares, and the unrestricted Class A shares will increase to 20,423,408,219 shares. Among the incentive recipients, 49 individuals are rated as excellent or good, 1 is rated as competent, and the unreleased portion will be repurchased and canceled. The board of directors believes that all unlocking conditions have been met and agrees to proceed with the unlocking procedures for eligible incentive recipients after the unlocking period expires. This move will further motivate company employees and enhance the overall performance of the company.