Ecovacs Robotics adjusts convertible bond conversion price

Ecovacs Robotics Co. Ltd. announced an adjustment to the conversion price of its A-share convertible corporate bonds. The adjustment, effective August 29, 2025, changes the conversion price from the original 174.85 yuan per share to 174.43 yuan per share. This revision follows the registration of 1,550,500 restricted shares under the company’s 2024 stock option and restricted stock incentive plan, leading to a change in the company's share capital.

The adjustment was made in accordance with the terms outlined in the prospectus for the convertible bonds. The calculation factored in a previous conversion price of 174.85 yuan/share, a new share issuance price of 19.75 yuan/share, and a new share issuance rate of 0.27%, based on a total share capital of 574,803,965 shares before this registration.

Trading of "Ecovacs Convertible Bonds" was temporarily suspended for conversion on August 28, 2025, and resumed on August 29, 2025. China International Capital Corporation Limited, as the bond trustee, confirmed that this adjustment complies with the terms of the bond and does not impact the issuer's daily operations or solvency.