Eve Energy announces share vesting and convertible bond price changes

Eve Energy has announced that 6,872,366 repurchased shares from the first vesting period of its sixth restricted stock incentive plan will be listed on November 28, 2025. These shares represent 0.33% of the company's total share capital as of November 27, 2025, and are distributed among 94 incentive recipients at a price of CNY 22.02 per share. The company confirmed it met performance conditions for this vesting period, with 2024 power battery and energy storage battery shipments reaching 80.74 GWh, an achievement rate of 113.72%.

Furthermore, Eve Energy's convertible bond will see its conversion price adjust from CNY 50.27 to CNY 50.28 per share, effective December 2, 2025. This adjustment follows the issuance of 755,937 new shares from the third restricted stock incentive plan's third vesting period, which will be listed on the same date. The third vesting period's shares were granted at a price of CNY 74.44 per share.