ENN Ecological Holdings unlocks 3m restricted shares for public trading

ENN Ecological Holdings announced its 2021 restricted stock incentive plan's initial grant for the fourth restricted period has met its unlocking conditions. This approval was granted during the eleventh board meeting held on August 27, 2025. A total of 3,000,000 restricted shares will be unlocked for 29 eligible incentive recipients and are scheduled to be listed for public trading on September 9, 2025.

The unlocked shares represent 25% of the total awarded restricted stock and fulfill the 48-month holding period since the initial grant registration on June 16, 2021. The company confirmed it met all performance conditions, including a 130.68% growth in assessed net profit for 2024 compared to 2020, and all individual performance targets for the 29 eligible participants.

Following this unlocking, the company's restricted share count will decrease by 3,000,000, while unrestricted shares will increase by the same amount. Nine incentive recipients did not meet individual performance criteria for 2024, and two departed, resulting in 952,500 shares being repurchased and canceled by the company.