Eve Energy convertible bonds approach conditional redemption trigger

Eve Energy Co., Ltd. has announced that its convertible bonds, "EVE convertible bonds," are approaching the conditions for redemption. From September 29, 2025, to October 20, 2025, the company's stock price has closed above 130% of the current conversion price of RMB50.65 per share (or RMB65.85 per share) for ten trading days within a consecutive twenty-trading-day period. Should the stock price continue this trend for five more trading days within the remaining period, the conditional redemption clause outlined in the prospectus will be triggered.

The "EVE convertible bonds" were issued on March 24, 2025, with 50,000,000 units at a face value of RMB100 each, and a six-year term. The conversion period began on September 29, 2025, and ends on March 24, 2031. Upon triggering the redemption clause, the company reserves the right to redeem all or part of the unconverted bonds at their face value plus accrued interest.

Investors are advised to carefully review the redemption terms and potential impacts. The company will make a decision on whether to redeem the "EVE convertible bonds" after the conditions are met, followed by timely disclosure.