ECOVACS(SH:603486) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2026-01-15 23:46Core Viewpoint - The company announces the conditional redemption terms for its convertible bonds, "Kewo Convertible Bonds," allowing bondholders to sell their bonds back to the company at a specified price during a designated period [2][5]. Group 1: Redemption Terms - Redemption Price: 100.26 RMB per bond (including accrued interest and tax) [1][9]. - Redemption Period: From January 21, 2026, to January 27, 2026 [1][8]. - Payment Date for Redemption Funds: January 30, 2026 [1][10]. - Bondholders have the right to choose whether to redeem their bonds; the redemption is not mandatory [1][5]. Group 2: Conditions for Redemption - The conditional redemption clause is activated if the company's stock price remains below 70% of the bond's conversion price for 30 consecutive trading days during the last two interest years [2]. - If bondholders do not exercise their redemption rights during the specified period, they will lose the right to redeem for the current interest year [1][3]. Group 3: Interest Calculation - The interest rate for the fifth year (November 30, 2025, to November 29, 2026) is set at 1.8%, with the accrued interest calculated to be approximately 0.26 RMB per bond [4]. Group 4: Redemption Process - Bondholders must submit their redemption requests through the Shanghai Stock Exchange trading system during the redemption period [6]. - If a redemption request is not successful on the first day, bondholders can continue to submit requests on subsequent days within the redemption period [7]. Group 5: Trading During Redemption Period - "Kewo Convertible Bonds" will continue to trade during the redemption period but will stop conversion [12]. - If the total face value of the bonds in circulation falls below 30 million RMB due to redemptions, trading will continue until the end of the redemption period, after which an announcement will be made [12].