Dun'an Environment completes restricted share buyback and cancellation

Zhejiang Dun'an Artificial Environment Co., Ltd. (SZSE:002011) has announced the completion of its repurchase and cancellation of 834,043 restricted shares, impacting 204 incentive plan participants. This action, representing 0.08% of the company's total share capital before the cancellation, involved a total repurchase amount of 5,513,024.23 yuan plus accrued interest. Following this, the company's total share capital has decreased from 1,065,436,182 shares to 1,064,602,139 shares.

The buyback was initiated due to several factors, including 23 incentive objects leaving the company (14 voluntary resignations), 2 retiring, 178 whose individual performance coefficients did not meet 100% or who were demoted, and 1 whose job change to supervisor rendered them ineligible to hold restricted shares. The repurchase prices were set at the initial grant price of 6.61 yuan per share, with additional bank deposit interest for those who retired, resigned involuntarily, were demoted, or did not meet performance targets.

The company's board and shareholders approved the buyback and cancellation through resolutions passed in July and August 2025. This move is not expected to materially impact the company's financial position or operating results. The company will proceed with the necessary adjustments to its registered capital.