Dynagreen proposes share incentive scheme, loan guarantee, and bond adjustment

Dynagreen Environmental Protection Group Co. announced a comprehensive restricted A share incentive scheme for directors, senior management, and core personnel, totaling 40,350,000 shares, representing 2.90% of current share capital. The scheme, subject to shareholder approval at the Third Extraordinary General Meeting on 19 November 2025, includes a grant price of 3.25 yuan per share and unlocking conditions tied to performance targets from 2026 to 2028. Additionally, the company is seeking approval for administrative and appraisal management measures, as well as board authorization to manage the scheme's implementation.

Separately, Dynagreen will provide an 80% joint-liability guarantee for a subsidiary, Huizhou Dynagreen Environmental Services Co., Ltd., which is applying for a fixed asset loan of up to 120 million yuan for 10 years to replace an existing loan. This guarantee, alongside a 20% guarantee from the other shareholder, requires shareholder approval.

In a related development, the conversion price of Dynagreen’s A share convertible corporate bonds will be adjusted from 9.15 yuan to 9.05 yuan per share, effective 11 November 2025, due to an interim cash dividend distribution for 2025. Bond conversion will be suspended from 31 October 2025 to 10 November 2025.