Summary by Moomoo AI
China Railway Corporation announced that the unlocking conditions for the second partial unlocking period of its 2021 restricted stock incentive plan have been met. The incentive plan was first registered on February 23, 2022, and will enter the second unlocking period on February 24, 2025. According to the plan, one-third of the total restricted stocks can be unlocked during the second unlocking period. The company held a board of directors meeting on October 30, 2024, approving the achievement of relevant unlocking conditions and confirming that a total of 51.877822 million shares of restricted stock can be unlocked by 640 incentive beneficiaries, accounting for approximately 0.21% of the total share capital of the company. The supervisory board also considered that the achievement of the unlocking conditions and procedures complied with relevant laws and regulations and the provisions of the incentive plan, and agreed to handle the procedures for unlocking restrictions.