Summary by Moomoo AI
China Central Iron Co., Ltd. announced that the restricted shares first granted under its 2021 Restrictive Stock Incentive Program will enter the first delisting period on February 23, 2024, at which time 55,910,838 shares of restricted stock will be delisted, representing 0.23% of the total share capital of the company. The incentive program completed its initial grant registration on February 23, 2022, and set three debarment periods, with each volume of debarring sales accounting for 1/3 of the allotted amount. Based on the Company's financial performance in 2022, the conditions for the delisting were met, including the weighted average net asset return rate and the net profit composite growth rate both exceeding the set targets. In addition, the results of the performance assessment of the units in which the incentive targets were awarded were either Grade A or B, and most of the individual assessments were excellent or good. The Board of Directors passed the relevant motion on 29 December 2023 and will lift the sale restriction and put it on the market on 23 February 2024.