Lingbao Gold Group Company Ltd. (3330) announced on 5 November 2025 the grant of 6,608,000 H shares under its share award scheme to 89 employee participants, accounting for approximately 0.60% of its total issued H shares. The purchase price for these shares is nil, and the lock-up period is 12 months from the grant date.

According to the disclosed details, vesting will occur in three stages—33%, 33%, and 34%—spaced at 12-month intervals, subject to the company’s performance assessment indicators and individuals’ performance ratings. Major performance indicators include annual gold production and costs per gram of gold, each weighted at 50%. A clawback mechanism is in place under specific circumstances.

Among the grantees, key participants include the chairman of the executive committee with 500,000 shares, certain executive directors with varying allocations totaling 650,000 shares, and 83 other employees collectively receiving 5,458,000 shares. This grant was approved by the Board, including the independent non-executive directors. The new H shares will be issued under the existing scheme mandate, and 48,670,949 H shares remain available for future grants. The initiative aims to align the recipients’ interests with those of the group and strengthen long-term employee retention and motivation.