Shougang Fushan Resources Group Limited announced that its board resolved on 21 August 2026 to adopt a 2026 Share Option Scheme, subject to shareholder, regulatory and listing approvals. The initiative is designed to align employee incentives with long-term corporate performance under Chapter 17 of the Hong Kong Listing Rules.

The scheme’s mandate limit is capped at 50.91 million new shares, representing approximately 1.0 % of the company’s total issued capital of 5.09 billion shares. Within this limit, up to 45.80 million shares are allocated for an initial grant and 5.11 million shares for a reserved grant.

Participation is restricted to a maximum of 124 individuals, comprising executive directors (excluding non-executive and independent non-executive directors), as well as core management, technical and key business personnel. Of these, 114 individuals may receive options in the first grant and 10 in the reserved grant.

The scheme will remain in force for six years from the date of shareholder approval. Vesting will occur in three tranches—33 %, 33 % and 34 %—after 24, 36 and 48 months respectively, provided performance conditions are met.

The exercise price will be no lower than the higher of (i) the share’s closing price on the grant date or (ii) the average closing price over the five trading days immediately preceding the grant date. All shares issued upon exercise will be new shares of the company.

Final implementation requires approval from shareholders at a general meeting, listing approval from The Stock Exchange of Hong Kong and consent from the State-owned Assets Supervision and Administration Commission of the People’s Government of Beijing Municipality. A circular outlining full details will be distributed to shareholders in due course.