Moon Environment Technology completes restricted share repurchase and cancellation

Moon Environment Technology (SZSE:000811) has completed the repurchase and cancellation of 160,160 restricted shares from 11 incentive participants under its 2023 restricted stock incentive plan. This represents 0.02% of the company's total share capital before the cancellation. The total funds used for this repurchase amounted to RMB 935,871.60, sourced from the company's own funds. Following the transaction, the company's total share capital has decreased from 992,638,145 shares to 992,477,985 shares.

The repurchased shares include 65,000 shares from one resigned participant, 62,400 shares from four participants whose employment was terminated due to retirement or other objective reasons and who met the first release period criteria, and 32,760 shares from seven participants whose individual performance was rated "C" in 2023, resulting in a 0.7 release ratio for the period. The repurchase price was adjusted due to cash dividends of RMB 0.10 per share for the first three quarters of 2024, RMB 0.15 per share for the full year 2024, and a capital reserve to share capital conversion of 0.3 shares for every 10 shares in 2024, resulting in an adjusted price of RMB 5.77 per share.

This repurchase and cancellation will not substantially impact the company's financial condition or operating results, nor will it affect the stability and motivation of the management team. The 2023 restricted stock incentive plan will continue to be implemented in accordance with regulations.