ECOVACS(SH:603486) Shang Hai Zheng Quan Bao·2026-01-14 18:00Core Viewpoint - The company announces the first notice regarding the optional redemption of its convertible bonds, "Kewo Convertible Bonds," allowing bondholders to choose whether to redeem their bonds at a specified price [1][2]. Group 1: Redemption Terms - Redemption Price: The redemption price is set at 100.26 RMB per bond, which includes accrued interest and tax [2][12]. - Non-Mandatory Redemption: The redemption is not mandatory; bondholders have the right to choose whether to redeem [2][8]. - Conditions for Redemption: The redemption rights can only be exercised if the company's stock price falls below 70% of the conversion price for 30 consecutive trading days during the last two interest years [2][3]. Group 2: Redemption Period and Process - Redemption Period: The redemption period is from January 21, 2026, to January 27, 2026 [5][11]. - Payment Date: The payment date for the redeemed bonds is set for January 30, 2026 [13]. - Trading During Redemption: The "Kewo Convertible Bonds" will continue to trade during the redemption period but will stop conversion [15]. Group 3: Interest Calculation - Accrued Interest Calculation: The accrued interest for the fifth year is calculated to be approximately 0.26 RMB per bond, leading to the total redemption price of 100.26 RMB [7][6].