EZGO (NASDAQ: EZGO) issues 3.4M shares to CEO via October 2025 equity plan

Rhea-AI Filing Summary

EZGO Technologies Ltd. reported that its board approved and adopted a new October 2025 Equity Incentive Plan, effective October 1, 2025. Under this plan, on October 2, 2025 the company issued 3,400,000 ordinary shares with a par value of US$0.04 each to WXYZ Group Ltd., an entity 100% owned by CEO and director Jianhui Ye, as compensation for his continued service to the company. The issuance was conducted in a transaction exempt from U.S. registration under Section 4(a)(2) of the Securities Act of 1933 and/or Regulation S.

Insights

Equity compensation and governance analyst

EZGO grants 3.4M new shares to its CEO via a new equity incentive plan.

EZGO Technologies adopted an October 2025 Equity Incentive Plan effective October 1, 2025, then used it to issue 3,400,000 ordinary shares with a par value of US$0.04 each. The shares were granted to WXYZ Group Ltd., an entity 100% owned by CEO and director Jianhui Ye, as compensation tied to his continued service.

The grant is structured as an unregistered offering relying on exemptions under Section 4(a)(2) and/or Regulation S of the Securities Act of 1933. This means the shares were not registered for public sale in the U.S. and instead relied on private or offshore placement exemptions. Any impact on existing holders depends on the company’s broader capital base and terms within the full October 2025 Equity Incentive Plan, which is provided as Exhibit 99.1.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of October 2025

Commission File Number: 001-39833

EZGO Technologies Ltd.

(Translation of registrant’s name into English)

Building #A, Floor 2, Changzhou Institute of Dalian University of Technology

Science and Education Town

Wujin District, Changzhou City

Jiangsu, China 213164

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒         Form 40-F ☐

On October 1, 2025, the Board of Directors of EZGO Technologies Ltd. (the “Company”) approved and adopted an equity incentive plan (the “October 2025 Equity Incentive Plan”), which became effective on October 1, 2025. Attached as Exhibit 99.1 to this Form 6-K is the October 2025 Equity Incentive Plan.

On October 2, 2025, the Company issued 3,400,000 ordinary shares with a par value of US$0.04 each of the Company (the “Shares”) under October 2025 Equity Incentive Plan to WXYZ Group Ltd., an entity 100% owned by Mr. Jianhui Ye, the CEO and a director of the Company the Chief Executive Officer, as compensation for his continued service in the Company.

The Shares were issued in a transaction exempt from the registration requirements of the U.S. Securities Act of 1933, as amended, pursuant to Section 4(a)(2) thereof and/or Regulation S promulgated thereunder.

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EXHIBIT INDEX

Exhibit No.		Description
99.1		EZGO Technologies Ltd October 2025 Equity Incentive Plan

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	EZGO Technologies Ltd.
Date: October 3, 2025	By:	/s/ Jianhui Ye
	Name:	Jianhui Ye
	Title:	Chief Executive Officer and Director

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FAQ

What did EZGO (EZGO) announce in its October 2025 Form 6-K?

EZGO Technologies Ltd. reported that its board approved and adopted an October 2025 Equity Incentive Plan, effective October 1, 2025, and disclosed a share issuance under this plan.

How many shares did EZGO (EZGO) issue under the October 2025 Equity Incentive Plan?

The company issued 3,400,000 ordinary shares with a par value of US$0.04 each under the October 2025 Equity Incentive Plan.

Who received the 3,400,000 EZGO shares and for what purpose?

The 3,400,000 ordinary shares were issued to WXYZ Group Ltd., an entity 100% owned by CEO and director Jianhui Ye, as compensation for his continued service to the company.

When did the new EZGO equity plan become effective and when were the shares issued?

The October 2025 Equity Incentive Plan became effective on October 1, 2025, and the 3,400,000 shares were issued on October 2, 2025.

Were the new EZGO shares registered with the SEC?

No. The 3,400,000 ordinary shares were issued in a transaction exempt from U.S. registration under Section 4(a)(2) of the Securities Act of 1933 and/or Regulation S.

Where can investors find details of EZGO's October 2025 Equity Incentive Plan?

The full October 2025 Equity Incentive Plan is included as Exhibit 99.1 to the Form 6-K filed by EZGO Technologies Ltd.