CMOC Group ( (HK:3993) ) has shared an announcement.

CMOC Group has approved the performance appraisal results for the 2023 interest allocation period under its 2021 First Phase Employee Share Ownership Plan, triggering the third interest allocation period for four senior incentive participants from mid-June 2024. In this period, 40% of the plan’s underlying shares will be unlocked for the main participants, while an additional participant, Zhou Jun, will have his second allocation period deferred by one year to align with this schedule, with 30% of his underlying shares eligible for unlocking.

The company met its 2023 company-level performance indicators, including keeping its adjusted asset-liability ratio at 42.80% and achieving a 37.03% compound annual growth rate in return on net assets since 2020, both above required thresholds. Individual appraisals for four executives exceeded the top performance band, enabling full unlocking of their allotted shares totaling 32,810,630, and the board has authorized the vesting of these shares and associated rights based on the confirmed appraisal outcomes.

The most recent analyst rating on (HK:3993) stock is a Buy
with a HK$25.00 price target.
To see the full list of analyst forecasts on CMOC Group stock,
see the HK:3993 Stock Forecast page.