ENN Shares announces initial grant results of stock incentive plan

ENN Ecological Holdings announced the successful initial grant of its 2025 restricted stock incentive plan. The grant, effective April 10, 2025, involves 19.525 million shares at a price of CNY9.79 per share to 72 eligible participants, including key executives and core management. The shares come from the company's repurchased A-shares. This incentive aims to align employee interests with company growth. The incentive plan is expected to have a positive impact on company performance, by incentivizing management and improving efficiency, although the expenses associated with the incentive plan are projected to impact net profit slightly in the coming years. Proceeds from the grant will be used to supplement ENN Share's working capital.