Moon Environment Technology approves share repurchase, capital changes at EGM

Moon Environment Technology announced the resolutions from its First Extraordinary General Meeting of Shareholders in 2025, held on September 23, 2025. Key approvals included the repurchase and cancellation of restricted shares, a change in registered capital, and the revision of the company's articles of association. Shareholders also approved the appointment of Chu Hang-Jung as a director and the engagement of a 2025 auditing firm.

The decision to repurchase and cancel 160,160 restricted shares, affecting 11 incentive recipients who no longer meet the incentive plan criteria, was approved with 99.9667% of votes. This action will lead to a reduction in the company’s registered capital. Following this, creditors of Moon Environment Technology are invited to declare their claims within 30 days of receiving notice, or within 45 days from the announcement's disclosure.

The proposal to amend the articles of association and adjust the registered capital received 99.9619% approval, signifying a strong mandate for these changes. Additionally, the appointment of Chu Hang-Jung as a director was approved with 99.9372% of votes. Shandong Ruiyang (Yantai) Law Firm confirmed that the meeting's convening, procedures, and resolutions were legally valid and effective.