Moon Environment Technology approves first restricted stock unlocking

Moon Environment Technology announced on November 14, 2025, that its board of directors approved the first restricted period for its 2023 Restricted Stock Incentive Plan. The board also approved the appointment of Chu Hangzheng as a member of the Board Strategy and ESG Committee and the Nomination Committee.

The first restricted period for the delayed-granted restricted shares under the 2023 incentive plan has met the release conditions. This will allow two eligible incentive recipients to unlock 286,000 shares, representing 0.0288% of the company's total share capital of 992,638,145 shares. This unlocking follows the company's 2024 annual profit distribution and capital reserve to share capital increase plan, which adjusted the total shares in the incentive plan.

The company's performance in 2023 satisfied the unlocking conditions, with a net profit growth rate of 131.28% (exceeding the 34% target) and an average return on net assets of 11.10% (exceeding the 6.00% target). The asset-liability ratio was 49.72%, below the 60% target. The two incentive recipients achieved an "A" performance rating.