Zijin Mining announced the completion of the first exercise period of its 2023 Share Option Incentive Scheme, with all 13.10 million options eligible for the period fully exercised.
Over March 2026, an additional 0.90 million options were exercised, bringing total shares issued under this tranche to 13.10 million A shares. Consequently, the company’s total share capital rose to 26.59 billion shares, up from 26.59 billion, with all newly issued shares immediately tradable and carrying no lock-up restrictions.
Twelve senior executives—including Chairman Chen Jinghe and President Zou Laichang—each exercised 100% of their allotted options for the current period. Collectively, the exercised tranche represents one-third (33.33%) of the total options granted to these executives under the 2023 scheme.
Gross proceeds from the option exercises amounted to RMB146.07 million. Zijin Mining stated that the funds will be used to supplement working capital.
The company noted that the issuance of 13.10 million A shares is not expected to have any material impact on its latest financial statements.
Pursuant to disclosure requirements for A+H share issuers, Zijin Mining will continue to report monthly exercise results for subsequent periods as they occur.
Investors are advised by the board to exercise caution when dealing in the company’s securities.
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