Moon Environment Technology unlocks first restricted shares for employees

Moon Environment Technology Co., Ltd. has announced the upcoming circulation of 8,874,840 restricted shares under its 2023 Restricted Stock Incentive Plan. This tranche represents 0.8941% of the company's current total share capital and will become tradable on September 22, 2025. The first restricted period has successfully concluded, meeting all pre-set performance conditions, and will benefit 616 eligible incentive recipients.

The company's board and supervisory committee approved the lifting of restrictions on September 4, 2025. Performance targets for 2023, including a 131.28% net profit growth rate and a 11.10% average return on net assets, were met, surpassing the required 34% and 6.00% respectively. The asset-liability ratio also remained below the 60% threshold at 49.72%.

A total of 11 incentive recipients, including one who resigned, four who retired, and seven whose 2023 performance review was rated 'C', had 160,160 restricted shares repurchased and cancelled by the company. The remaining eligible 616 individuals will now have their shares unlocked.