ENN Ecological Holdings finalizes restricted stock grant for 2025 incentive plan

ENN Ecological Holdings has announced the results of the reserved portion of its 2025 restricted stock incentive plan, with 4,833,400 shares granted to 17 incentive recipients on October 17, 2025. The granting price for these shares is CNY 8.58 per share, sourced from the company's repurchased A-share common stock. The total amount raised from this subscription is CNY 41,470,572.00.

The reserved restricted shares have a registration date of November 28, 2025. Following this grant, the company's total share capital remains unchanged, thus not affecting the shareholding percentages of its controlling shareholder or actual controller. The total number of restricted shares with sales restrictions will increase to 25,553,417 shares, while unrestricted shares will decrease by 4,833,400 shares to 3,071,534,190 shares.

The allocated shares are subject to phased unlock periods over 12, 24, and 36 months, with 33% released in the first and second periods, and 34% in the third. The total estimated amortization cost for these reserved shares is CNY 4,756.07 million, impacting the company's financial statements through 2028.