Lexy Electric maintains convertible bond price after share cancellation

Lexy Electric has completed the repurchase and cancellation of 86,450 restricted shares from 27 equity incentive recipients. The total repurchase amount was 784,024.17 yuan, including the principal of 772,492.50 yuan and interest of 11,531.67 yuan, with a repurchase price of 8.94 yuan per share. This action follows the approval by the company's sixth board of directors on August 28, 2025.

Despite the change in the company's share capital due to the cancellation, the conversion price for Lexy convertible bonds will remain unchanged at 31.72 yuan per share. This decision is based on calculations indicating that the proportion of repurchased and canceled restricted shares to the total share capital is small. The company's total share capital, used as the basis for calculation, was 573,477,450 shares after accounting for previous adjustments but before considering any conversion of company bonds.

The Lexy convertible bonds were initially issued on October 14, 2022, with a total value of 1.2 bn yuan, and became convertible into company shares starting April 20, 2023. The initial conversion price was 34.17 yuan per share, which had been adjusted multiple times prior to this announcement, reaching 31.72 yuan per share on November 8, 2024, following a 2024 interim dividend distribution.