Eve Energy adjusts convertible bond price after restricted stock grant

Eve Energy has adjusted the conversion price of its "EVE CONB" convertible bonds from RMB 50.65 per share to RMB 50.27 per share, effective November 28, 2025. This adjustment follows the company's grant of restricted stock under its sixth incentive plan. The company's board approved the vesting of the first tranche of restricted stock, totaling 34,483,075 shares, of which 27,610,709 shares are newly issued at a price of RMB 22.02 per share. This issuance increases the company's total share capital by 1.35%.

The adjustment was calculated using the formula for share issuance or restricted stock grants, considering the prior conversion price and the new shares issued. The total share capital of Eve Energy will increase from 2,045,746,274 shares to 2,073,356,983 shares after the restricted stock issuance, aligning with the company's convertible bond prospectus and regulatory requirements.

The grant involved 504 incentive recipients, with the new shares listed for circulation on November 28, 2025. This issuance impacts basic earnings per share and net asset value per share, with proceeds allocated to supplement the company's working capital.