ENN Ecological Holdings' restricted stock plan advances as shares reallocated

ENN Ecological Holdings has announced significant progress in its 2025 Restricted Stock Incentive Plan, with the reserved grant conditions now met. On October 17, 2025, the company's board of directors approved the grant of reserved restricted shares, setting the grant date for October 17, 2025, at a price of CNY 8.58 per share. Initially, 4.88m shares were to be granted to 17 eligible incentivizees.

Following the initial grant, one individual forfeited the right to subscribe for 46,600 restricted shares, leading to an adjustment in the total granted shares. The revised total of restricted shares granted stands at 4,833,400 shares across 17 incentivizees. By November 10, 2025, the company had received CNY 41,470,572.00 from the individuals for their subscriptions, as confirmed by a verification report.

This transaction involved converting 4,833,400 shares from unrestricted to restricted circulation. The shares were sourced from the company's repurchased A-share common stock on the secondary market. Consequently, the company's restricted shares in circulation increased to 25,553,417, while unrestricted shares decreased to 3,071,534,190. The total share capital of 3,097,087,607 remains unchanged. The company is now proceeding with registration with the China Securities Depository and Clearing Corporation.