Core 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 conditions are met [2][5] - The redemption is not mandatory, allowing bondholders to choose whether to redeem [5] - If bondholders do not redeem during the specified period, they will lose the right to redeem for the current interest year [2] Interest Calculation - The interest for the current period is calculated based on a rate of 1.8% for the fifth year, resulting in approximately 0.26 RMB per bond [4] - The total redemption price is thus 100.26 RMB per bond, which includes the principal and accrued interest [4] Redemption Process - Bondholders must submit their redemption requests through the Shanghai Stock Exchange trading system during the specified redemption period [6][8] - 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] Trading During Redemption Period - "Kewo Convertible Bonds" will continue to trade during the redemption period but will not be convertible into shares [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 [12]

Core 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].

Core 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]

Core Viewpoint - The announcement details the seventh notice regarding the optional redemption of the "Kewo Convertible Bonds," allowing bondholders to choose whether to redeem their bonds at a specified price, contingent on certain conditions being met [1][2]. Redemption Terms and Price - 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 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 - The "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].

Core Viewpoint - The announcement details the conditional redemption rights for the "Kewo Convertible Bonds" (科沃转债), allowing bondholders to sell their bonds back to the company at a specified price if certain conditions are met [1][2]. Group 1: Redemption Terms - The redemption price for the "Kewo Convertible Bonds" is set at 100.26 RMB per bond, including accrued interest and tax [4][11]. - The redemption period is from January 21, 2026, to January 27, 2026, during which the bonds will stop converting into shares [4][10]. - Bondholders can choose to redeem either part or all of their unconverted bonds, and the redemption is not mandatory [7][8]. Group 2: Conditions for Redemption - The conditional redemption clause is activated if the company's stock price falls below 70% of the current conversion price for thirty consecutive trading days during the last two interest years of the bonds [2][3]. - If bondholders do not exercise their redemption rights during the specified period after the first occurrence of the redemption condition, they will lose the right to redeem for that interest year [3]. Group 3: Interest Calculation - The interest rate for the fifth year (from November 30, 2025, to November 29, 2026) is 1.8%, with the accrued interest calculated to be approximately 0.26 RMB per bond [6]. - The formula for calculating accrued interest is provided, ensuring transparency in how the redemption price is derived [5]. Group 4: Redemption Process - Bondholders must submit their redemption requests through the Shanghai Stock Exchange trading system during the redemption period, and once confirmed, these requests cannot be revoked [8][9]. - If a redemption request is not successful on the first day, bondholders can continue to submit requests on subsequent days within the redemption period [9]. Group 5: Post-Redemption Trading - The "Kewo Convertible Bonds" will continue to trade during the redemption period but will not be convertible into shares [14]. - 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 [14]. Group 6: Company Contact Information - For further inquiries, bondholders can contact the company's securities department at the provided phone number [15].

Core Viewpoint - The company has decided not to adjust the conversion price of its convertible bonds, "Kewo Convertible Bonds," despite triggering the downward adjustment clause as of January 20, 2026. This decision is aimed at maintaining investor expectations and interests [2][12]. Group 1: Convertible Bond Basic Information - The company issued 10,400,000 convertible bonds on November 30, 2021, with a total value of RMB 104 million and a maturity period of six years [3]. - The bonds have a tiered interest rate structure, starting at 0.3% in the first year and increasing to 2.0% in the sixth year [3]. - The bonds were listed on the Shanghai Stock Exchange on December 29, 2021, under the code "113633" [4]. Group 2: Conversion Price Adjustment History - The initial conversion price was set at RMB 178.44 per share, which has been adjusted multiple times due to various corporate actions, with the latest adjustment bringing it to RMB 175.41 per share as of October 26, 2023 [5][6][12]. - The conversion price is subject to adjustments based on the company's stock performance and corporate actions, including stock options and incentive plans [5][6]. Group 3: Non-Adjustment Decision Details - The board of directors held a meeting on January 20, 2026, and decided not to adjust the conversion price, even if the adjustment clause is triggered again within the next six months [2][12]. - The company will reassess the situation after July 21, 2026, if the adjustment clause is triggered again [2][12]. Group 4: Redemption Rights of Convertible Bonds - The company has announced a conditional redemption right for bondholders, allowing them to sell their bonds back at a price of RMB 100.26 per bond during the redemption period from January 21 to January 27, 2026 [15][19]. - The redemption price includes accrued interest and is not mandatory; bondholders can choose whether to exercise this right [15][20].

Core Viewpoint - The company, Ecovacs Robotics, has announced that the conversion price of its convertible bonds, "Kowot Bonds," has triggered a downward adjustment clause, but the board has decided not to adjust the conversion price at this time [2]. Group 1 - As of January 20, 2026, the conversion price of "Kowot Bonds" has triggered the downward adjustment clause [2]. - The company's board of directors has resolved not to adjust the conversion price of "Kowot Bonds" during the current period [2]. - For the next six months (from January 21, 2026, to July 20, 2026), if the downward adjustment clause is triggered again, the company will also not propose an adjustment [2]. Group 2 - After July 21, 2026, if the downward adjustment clause is triggered again, the board will convene to decide whether to exercise the downward adjustment right [2].

Group 1 - The core point of the article is that Ecovacs Robotics (科沃斯) has decided not to adjust the conversion price of its convertible bonds, despite triggering the downward adjustment clause [1] - The decision was made during the sixth meeting of the fourth board of directors of Ecovacs Robotics [1] - The company will not propose a downward adjustment plan for the conversion price in the next six months, from January 21, 2026, to July 20, 2026 [1] Group 2 - If the downward adjustment clause is triggered again after July 21, 2026, the board will hold another meeting to decide whether to exercise the downward adjustment right [1]

Group 1 - The core point of the article is that the company, Ecovacs Robotics Co., Ltd., has decided not to adjust the conversion price of its "Kewo Convertible Bonds" despite triggering the downward adjustment clause [1] - The decision was made during the sixth meeting of the fourth board of directors and will remain in effect for the next six months, from January 21, 2026, to July 20, 2026 [1] - If the conversion price adjustment clause is triggered again during this six-month period, the company will also not propose a downward adjustment [1] Group 2 - After July 21, 2026, if the conversion price adjustment clause is triggered again, the board will hold another meeting to decide whether to exercise the downward adjustment right [1]

Group 1 - The core announcement is regarding the restriction on the exercise period of stock options under the 2024 incentive plan for Ecovacs Robotics Co., Ltd. [1][2] - The stock options are currently in the exercise phase, with the first exercise period set from September 20, 2025, to September 19, 2026 [1] - The restriction on the exercise period will be from January 26, 2026, to January 30, 2026, during which all incentive participants will be prohibited from exercising their options [2] Group 2 - The announcement also includes details about the fourth notice regarding the optional redemption of "Kewo Convertible Bonds" [4] - The redemption price is set at 100.26 RMB per bond, including accrued interest and tax [5] - The redemption period is from January 21, 2026, to January 27, 2026, with funds to be disbursed on January 30, 2026 [5][11] Group 3 - Holders of "Kewo Convertible Bonds" who do not exercise their redemption rights during the specified period will lose the right to redeem for the current interest year [6] - The conditional redemption clause is activated if the company's stock price falls below 70% of the conversion price for any consecutive 30 trading days during the last two interest years [6][7] - The calculation for accrued interest for the bonds is based on a face value of 100 RMB, an interest rate of 1.8%, and a specific number of days [9][8] Group 4 - During the redemption period, "Kewo Convertible Bonds" will continue to trade but will not be convertible into stock [12] - If the total face value of the bonds falls below 30 million RMB due to redemptions, the bonds will still continue to trade [12] - The company will announce the results of the redemption and its impact after the redemption period ends [11]