Ecovacs Robotics adjusts convertible bond conversion price

Ecovacs Robotics (SSE:603486) announced an adjustment to the conversion price of its "Kewo Convertible Bonds" (SSE:113633) following the cancellation of repurchased restricted stocks. The conversion price will be adjusted from CNY 174.72 per share to CNY 174.85 per share, effective July 8, 2025. Trading in the "Kewo Convertible Bonds" was suspended on July 7, 2025, and will resume on July 8, 2025, coinciding with the effective date of the adjusted conversion price. The adjustment is in accordance with the terms outlined in the company's convertible bond prospectus, following the approval by its board and supervisors on April 24, 2025. The decision stems from the cancellation of 489,300 restricted shares initially granted under the 2024 Equity Incentive Plan, due to the departure of the eligible employees.