On June 12th, Gelunhui announced that Yancoal Aus has issued 1.5339 million performance share rights ("long-term incentive plan rights") to several senior management members of the company, including 8 directors of its subsidiaries ("eligible participants"), at a zero issue price as part of the 2024 long-term incentive plan ("2024 long-term incentive plan") under the stock-based incentive plan. The board of directors approved the grant of long-term incentive plan rights on February 23, 2024. The long-term incentive plan rights have no exercise price and are subject to attribution conditions based on relative profit and cost targets per share. Attribution will be determined and subject to discretionary decision by the board of directors after the performance period ends (i.e., December 31, 2026).