ECOVACS(SH:603486) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2026-01-22 23:43Core Points - The company has announced a conditional redemption for its convertible bonds, "Kewo Convertible Bonds," due to the stock price falling below 70% of the conversion price for 30 consecutive trading days [2] - The redemption price is set at 100.26 RMB per bond, including accrued interest and tax [9] - The redemption period is from January 21, 2026, to January 27, 2026, with funds to be disbursed on January 30, 2026 [10] Redemption Terms - Holders of "Kewo Convertible Bonds" have the right to redeem their bonds at the specified price if the company's stock price remains below the conversion price threshold during the last two interest years [2] - The calculation for accrued interest is based on the bond's face value, interest rate, and the number of days from the last interest payment to the redemption date [3][4] - The interest rate for the fifth year is 1.8%, leading to an accrued interest of approximately 0.26 RMB per bond [4] Redemption Process - Bondholders can choose to redeem part or all of their unconverted bonds, and the redemption is not mandatory [5] - The redemption application must be submitted through the Shanghai Stock Exchange trading system during the specified period [6][8] - If the application is not successful on the first day, bondholders can continue to apply on subsequent days within the redemption period [7] Trading During Redemption - "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 still continue until the end of the redemption period [12]