Eve Energy convertible bonds begin share conversion, shareholder pledges rise

Eve Energy announced that its convertible bonds, "EVE Convertible Bonds," will commence share conversion on September 29, 2025. The current conversion price is 50.65 yuan per share, with the conversion period extending until March 24, 2031. Shares will be sourced from newly issued capital. This follows adjustments to the conversion price from an initial 51.39 yuan, due to dividend distributions in May and September 2025.

Concurrently, the company also reported the results of a conditional put option for the "EVE Convertible Bonds," which concluded on September 16, 2025. A total of 475 bonds were put back to the company at a price of 100.09 yuan per bond, totaling 47,542.75 yuan.

In related news, Eve Energy’s controlling shareholder, Tibet Eve Holdings, and actual controller, Ms. Luo Jinhong, recently engaged in significant share pledge and release activities. As of September 24, 2025, their cumulative pledged shares total 368,730,000, representing 45.23% of their holdings, or 18.02% of the company's total share capital. These pledges are primarily for debt repayment and corporate operations, with the company asserting that the pledges do not pose immediate risks to its control.