On January 22, 2026, China Risun Group Limited (1907.HK) announced that its board of directors had approved a proposal to grant 4.503 million shares to 600 employees. Together with the first grant of 9.915 million shares to 197 employees on September 1, 2025, a total of 14.418 million shares have been granted to 797 employees. With this, all mid-to-senior level managers and core personnel of China Risun Group Limited have been included in the stock incentive program. This greatly fosters a stronger "three communities" — community of shared interests, community of shared cause, and community of shared destiny — between the Group and its employees, demonstrating the Group's firm determination to attract and retain talent, enhancing employees' sense of belonging and responsibility, and boosting the company's core competitiveness. It is not only recognition of the past contributions of the core team but also a strategic investment in the future development of Risun's business.
Implementing Targeted Measures at Key Links to Strengthen the Foundation of Vitality
The implementation of this employee stock ownership plan carries profound significance and value for China Risun Group Limited in many respects: First, it further promotes the upgrade of the relationship between the Group and its employees from "employment relationship" to "partnership relationship", ultimately achieving a win-win-win situation for employee growth, company performance, and shareholder value. Second, through joint entrepreneurship, joint creation, and joint innovation, the Group and its employees realize their common ideals and aspirations, create wealth, and achieve a fulfilling life. Third, by setting lock-up periods and performance assessments, the plan is targeted and focused, encouraging dedication, technological iteration, cost reduction, and efficiency improvement, aligning individual efforts with the company's strategic goals. This drives continuous performance growth through persistent efforts to "win both the competition and the era". Taking technological product innovation as an example, since its Hong Kong listing in 2019, the Group has accumulated R&D investments exceeding RMB 6 billion. Focusing on serving the profitability of existing industries and future development, the Group has established a three-level independent R&D innovation system ("Group-Park-Company") and a full R&D industrial chain from "idea – lab-scale experiment – pilot test – engineering design – industrialization". It has set up specialized research institutes covering coal, coking, chemicals, new materials, hydrogen energy, environmental protection, and carbon neutrality, equipped with a first-class R&D team led by doctoral experts in various fields. This has formed a comprehensive and three-dimensional innovation model and approach characterized byall-employee innovation, comprehensive innovation, systematic innovation, collaborative innovation, originality, and uniqueness. The Group has obtained over 400 patents and developed more than 550 proprietary technologies, continuously enhancing its innovation-driven development strength.
New Energy and New Materials Boost Competitive Advantages
As the world's largest independent coking enterprise, China Risun Group Limited not only continues to break through and innovate in the coking and chemical sectors, reducing costs and increasing efficiency to improve profitability, but also, as early as early 2020, followed the national strategy by laying out plans for hydrogen energy production, storage, transportation, refueling, research, and application, leading in areas such as liquid hydrogen and green hydrogen. Notably, the Group's independently developed 5,000-ton-per-year amino-alcohol plant was completed and put into operation in July 2025. As China's first amino-alcohol industrial plant with fully independent intellectual property rights, it marks a major technological breakthrough in the country's high-end fine chemical new materials sector and directly promotes the development of China's fine chemical industry. Since 2015, Risun has assembled an amino-alcohol R&D team with several doctoral researchers as the core backbone. After ten years of lab-scale experiments, pilot tests, process development, and industrialization, they have overcome a series of key technologies, pioneering a green, safe, and environmentally friendly new amino-alcohol synthesis process. This has formed Risun's amino-alcohol industrial technology system protected by 15 patents, breaking foreign monopolies and filling domestic gaps. Risun has become the world's second enterprise to industrially produce amino-alcohol. Stable operation has verified the device's superior performance and excellent product quality, reaching an internationally leading level and obtaining EU REACH certification. Products are sold across China and to many countries including the United States, India, the Netherlands, Italy, Japan, and South Korea, receiving broad and high recognition from domestic and overseas customers.
Joint Entrepreneurship with Employees to Consolidate Growth Momentum
Since its inception, Risun has established the basic culture, philosophy, and fundamental purpose of co-entrepreneurship with its cadres and employees. Therefore, a series of policies and guidelines, including Risun's governance structure, institutional mechanisms, distribution system, as well as its business management model, corporate culture, personnel orientation, equity stake incentives, etc., have fully and completely implemented this philosophy and purpose. A complete set of systems, regulations, and processes has been formed, which unify the individual and the organization, theory and practice, understanding and methods, align the aspirations of all levels, and integrate knowledge and action. These have been fully implemented and thoroughly penetrated into all companies, departments, business segments, and business systems, fully demonstrating Risun's organizational cohesion, execution, combat effectiveness, creativity, and competitiveness in daily work, and have become the core and most fundamental driving force for Risun's growth. Through such consistent implementation, Risun has formed a community of interests, a community of cause, and a community of destiny with its vast number of cadres and employees, motivating everyone to strive collectively and for the long term, continuously creating new achievements, and continuously creating greater value for shareowners.