Eve Energy updates board, compensation, and convertible bond status

Eve Energy has announced a comprehensive update to its corporate governance and financial activities, highlighted by the upcoming transition to its Seventh Board of Directors. The board will comprise eight members, including four non-independent directors and three independent directors. Concurrently, the company is updating its director and senior management compensation plan for 2025, increasing the annual director allowance from 120,000 yuan to 150,000 yuan, effective after the Fourth Extraordinary General Meeting of 2025.

In financial news, Eve Energy reported that its convertible bonds, "Yiwei Zhuan Debt", saw 5,761 bonds converted into 11,161 shares during Q3 2025, with 4,999,376,400 yuan remaining. The conversion price was adjusted from 51.39 yuan to 50.65 yuan per share following dividend distributions.

Furthermore, Eve Energy's board approved new and adjusted related party transactions, including vehicle leases totaling up to 120,000 yuan and the adjustment of an existing equipment commissioning service agreement with Huizhou Jinyuan Intelligent Robot Co., Ltd., increasing its value to 120,000,000 yuan. Additionally, the company plans to invest approximately 3 bn yuan in a new power battery production base in Hefei.