ECOVACS(SH:603486) Shang Hai Zheng Quan Bao·2026-01-25 19:15Core Viewpoint - The announcement details the eighth notice regarding the optional redemption of the "Kewo Convertible Bonds," allowing bondholders to choose whether to redeem their bonds at a specified price [1][2]. Redemption Terms - Redemption Price: 100.26 RMB per bond (including accrued interest and tax) [2][12] - The redemption is not mandatory; bondholders have the right to choose whether to redeem [2][8]. - If bondholders do not redeem during the specified period, they will lose the right to redeem for the current interest year [2][4]. Conditions for Redemption - The conditional redemption clause is activated if the company's A-share stock price closes below 70% of the current conversion price for any consecutive thirty trading days during the last two interest years [3][4]. - The redemption right can only be exercised once per interest year after the conditions are first met [4]. Redemption Period and Payment - Redemption Period: January 21, 2026, to January 27, 2026 [5][11]. - Payment Date for Redemption Funds: January 30, 2026 [13]. Interest Calculation - The accrued interest for the fifth year (November 30, 2025, to November 29, 2026) is calculated at a rate of 1.8%, resulting in approximately 0.26 RMB per bond [7]. Trading During Redemption Period - "Kewo Convertible Bonds" will continue to trade during the redemption period but will stop conversion [15]. - 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 [15].