Ecovacs Robotics Co., Ltd. Announcement on the Results of Independent Exercise for the First Quarter of 2026 and Changes in Shares under the 2024 Equity Options and Restricted Stock Incentive Plan

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Stock code: 603486 Stock abbreviation: Ecovacs Announcement No.: 2026-027

Bond code: 113633 Bond abbreviation: Ecovacs Convertible Bond

Ecovacs Robotics Co., Ltd.

Announcement on the Results of Independent Exercise of the 2024 Stock Option and Restricted Stock Incentive Plan in the First Quarter of 2026 and on Changes in Shares

The board of directors of the Company and all directors warrant that there are no false records, misleading statements, or material omissions in the contents of this announcement, and they assume legal responsibility for the truthfulness, accuracy, and completeness of the contents.

Key Highlights:

● Ecovacs Robotics Co., Ltd. (hereinafter referred to as the “Company”) In the 2024 stock option and restricted stock incentive plan (hereinafter referred to as the “Incentive Plan” or the “This Incentive Plan”), the number of stock options eligible for exercise in the first exercise period of the first grant under the stock options is 2,961,250 options, and the exercise period is from September 20, 2025 to September 19, 2026 (the exercise day must be a trading day). The exercise method is independent exercise. In the first quarter of 2026, the stock option incentive objects of this Incentive Plan exercised the stock options and completed the share transfer registration for 600 shares. As of March 31, 2026, the cumulative number of options exercised and share transfer registrations completed in the first exercise period under this Incentive Plan is 2,808,476 shares, accounting for 94.84% of the total number of stock options eligible for exercise in that period.

● Time for the shares from this exercise to be released and become tradable: the shares acquired by the incentive participants under this Incentive Plan through exercise may be listed and traded on the second trading day (T+2) after the exercise date (T day).

I. Decision-Making Procedures and Information Disclosure Concerning This Incentive Plan That Have Been Completed

1、On August 29, 2024, the Company held the 20th meeting of the Third Session of the Board of Directors. The meeting considered and approved the proposals regarding “the Company’s〈2024 Stock Option and Restricted Stock Incentive Plan (Draft)〉and its summary,” “the Company’s〈Administrative Measures for Implementation and Performance Assessment of the 2024 Stock Option and Restricted Stock Incentive Plan〉,” and “the proposal to seek authorization from the shareholders’ general meeting to the Board of Directors to handle matters related to the 2024 Stock Option and Restricted Stock Incentive Plan.” The above proposals were reviewed and approved by the Compensation and Performance Committee.

2、On August 29, 2024, the Company held the 14th meeting of the Third Session of the Board of Supervisors. The meeting considered and approved the proposals regarding “the Company’s〈2024 Stock Option and Restricted Stock Incentive Plan (Draft)〉and its summary,” “the Company’s〈Administrative Measures for Implementation and Performance Assessment of the 2024 Stock Option and Restricted Stock Incentive Plan〉,” and “the proposal to verify the list of incentive participants for the first grant portion of the Company’s〈2024 Stock Option and Restricted Stock Incentive Plan〉.” The Board of Supervisors verified the relevant matters concerning this Incentive Plan and issued the corresponding verification opinions.

3、On September 7, 2024, the Company disclosed the self-audit report《Self-examination Report on the Trading of the Company’s Stock by Interested Parties Regarding Inside Information for the 2024 Stock Option and Restricted Stock Incentive Plan》.

4、From September 2, 2024 to September 11, 2024, the Company publicized the list of incentive participants for the first grant on the Company’s internal system. During the publicity period, the Board of Supervisors did not receive any objections related to the potential incentive participants under the Incentive Plan. On September 12, 2024, the Board of Supervisors disclosed《The Board of Supervisors’ Review Opinions on the List of Incentive Participants for the 2024 Stock Option and Restricted Stock Incentive Plan and the Explanation of Publicity》.

5、On September 20, 2024, the Company held its first extraordinary general meeting of shareholders in 2024. The meeting considered and approved the proposals regarding “the Company’s〈2024 Stock Option and Restricted Stock Incentive Plan (Draft)〉and its summary,” “the Company’s〈Administrative Measures for Implementation and Performance Assessment of the 2024 Stock Option and Restricted Stock Incentive Plan〉,” and “the proposal to seek authorization from the shareholders’ general meeting to the Board of Directors to handle matters related to the 2024 Stock Option and Restricted Stock Incentive Plan.”

6、On September 20, 2024, the Company held the 21st meeting of the Third Session of the Board of Directors and the 15th meeting of the Third Session of the Board of Supervisors. The meeting considered and approved the proposals regarding “the proposal to adjust relevant matters concerning the 2024 Stock Option and Restricted Stock Incentive Plan” and “the proposal to grant stock options for the first time to the incentive participants under the 2024 Stock Option and Restricted Stock Incentive Plan.” The above proposals were reviewed and approved by the Company’s Compensation and Performance Committee. The Board of Supervisors conducted another review of the list of incentive participants for the grant and issued verification opinions.

7、On November 9, 2024, the Company disclosed《Announcement on the Results of the First Grant Under the 2024 Stock Option and Restricted Stock Incentive Plan of Ecovacs Robotics Co., Ltd.》. As the grant date was September 20, 2024, stock options of 13.2123 million options were granted to 989 incentive participants. The exercise price of the stock options granted for the first time was RMB 32.31 per option. Restricted stock of 6.0936 million shares was granted to 975 incentive participants, and the price of the restricted stock granted for the first time was RMB 20.20 per share. The source of shares was the issuance of shares to the incentive participants. On November 7, 2024, the registration procedures for the first grant of stock options were completed; on November 7, 2024, the registration procedures for the first grant of restricted stock were completed.

8、On April 24, 2025, the Company held the 26th meeting of the Third Session of the Board of Directors and the 19th meeting of the Third Session of the Board of Supervisors. The meeting considered and approved the proposal regarding “the proposal to cancel part of the stock options that have been granted but not yet exercised.” In view of the fact that 77 incentive participants under the first grant of the 2024 stock option and restricted stock incentive plan no longer met the incentive conditions due to resignation, the Company intends to cancel a total of 977,700 stock options that have been granted but not yet exercised. The Compensation and Performance Committee of the Company had no objection to the above proposal, and agreed to submit it to the Company’s Board of Directors for review. After review and confirmation by the Shanghai Branch of China Securities Depository and Clearing Co., Ltd., the cancellation business for this portion of stock options was completed on June 16, 2025. This cancellation of stock options will not affect the Company’s share capital.

9、On June 27, 2025, the Company held the 2nd meeting of the Fourth Session of the Board of Directors. The meeting considered and approved the proposal regarding “the proposal to adjust relevant matters concerning the 2024 stock option and restricted stock incentive plan” and “the proposal to grant the reserved stock options and restricted stock to incentive participants under the 2024 stock option and restricted stock incentive plan.” The Company’s Compensation and Performance Committee had no objection to the above proposals and agreed to submit them to the Company’s Board of Directors for review. The Compensation and Performance Committee of the Company’s Board of Directors once again reviewed the list of incentive participants eligible for grant and issued verification opinions.

10、On August 14, 2025, the Company held the 3rd meeting of the Fourth Session of the Board of Directors. The meeting considered and approved the proposals regarding “the proposal to cancel part of the stock options that have been granted but not yet exercised” and “the proposal on whether the exercise conditions for the first exercise period of the stock options granted for the first time under the 2024 stock option and restricted stock incentive plan are met.” In view of the fact that 39 incentive participants under the first grant of the 2024 stock option and restricted stock incentive plan no longer met the incentive conditions due to resignation, the Company would cancel a total of 389,600 stock options that have been granted but not yet exercised. The Company’s Compensation and Performance Committee had no objection to the above proposals, and agreed to submit them to the Company’s Board of Directors for review. The cancellation business for this portion of stock options was completed on September 2, 2025. This cancellation of stock options will not affect the Company’s share capital.

11、On August 14, 2025, the Company held the 3rd meeting of the Fourth Session of the Board of Directors. The meeting considered and approved the proposal regarding “whether the exercise conditions for the first exercise period of the stock options granted for the first time under the 2024 stock option and restricted stock incentive plan are met.” On August 16, 2025, the Company disclosed《Announcement on whether the exercise conditions for the first exercise period of the stock options granted for the first time under the 2024 stock option and restricted stock incentive plan are met》. A total of 873 incentive participants for the stock options granted for the first time are eligible, and the number of stock options eligible for exercise is 2,961,250 options.

12、On August 16, 2025, the Company disclosed《Notice on the Adoption of the Independent Exercise Mode for the First Exercise Period of the Stock Options Granted for the First Time Under the 2024 Stock Option and Restricted Stock Incentive Plan》. The first exercise period of the stock options granted for the first time under the 2024 stock option and restricted stock incentive plan adopted an independent exercise mode for exercise.

13、On September 16, 2025, the Company held the 4th meeting of the Fourth Session of the Board of Directors. The meeting considered and approved the proposal《Proposal on the Impact of Independent Exercise of Stock Options Under the 2024 Stock Option and Restricted Stock Incentive Plan on the Conversion Price of Convertible Corporate Bonds and on the Adjustment Scheme》. The Company explained that because the first exercise period of the stock options granted for the first time under the 2024 stock option and restricted stock incentive plan used an independent exercise mode, the conversion price of the Company’s convertible corporate bonds would be adjusted in a specific manner; for details, see the announcement《Announcement on the Impact of Independent Exercise of Stock Options Under the 2024 Stock Option and Restricted Stock Incentive Plan on the Conversion Price of Convertible Corporate Bonds and on the Adjustment Scheme》（Announcement No.: 2025-071）。

14、On September 17, 2025, the Company disclosed《Announcement on the Implementation of Independent Exercise for the First Exercise Period of the Stock Options Granted for the First Time Under the 2024 Stock Option and Restricted Stock Incentive Plan》. For the first exercise period of the stock options granted for the first time under the 2024 stock option and restricted stock incentive plan, a total of 873 incentive participants are eligible and the number of stock options eligible for exercise is 2,961,250 options. The exercise window for the first exercise period of the stock options granted for the first time is from September 20, 2025 to September 19, 2026 (the exercise day must be a trading day). The shares obtained through exercise may be listed for trading on the second trading day (T+2) after the exercise date (T day).

15、On October 24, 2025, the Company held the 5th meeting of the Fourth Session of the Board of Directors. The meeting considered and approved the proposal《Proposal to Cancel Part of Stock Options That Have Been Granted but Not Yet Exercised》. In view of the fact that the 7 incentive participants for the stock options granted for the first time and the reserved grants under the 2024 stock option and restricted stock incentive plan no longer met the incentive conditions due to resignation, pursuant to the provisions of the Company’s《2024 stock option and restricted stock incentive plan (Draft)》, the Company intends to cancel a total of 86,875 stock options that have been granted but not yet exercised. After review and confirmation by the Shanghai Branch of China Securities Depository and Clearing Co., Ltd., the cancellation business for this portion of stock options was completed on November 7, 2025.

II. Basic Information on the Exercise Under This Incentive Plan

1、Exercise details for the first exercise period of the first grant:

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Note: 1、Due to the independent exercise mode, the shares acquired through exercise must be listed for trading on the second trading day (T+2) after the exercise date (T day). The above exercise data are the numbers of shares for which the share transfer registrations have been completed at the Shanghai Branch of China Securities Depository and Clearing Co., Ltd. as of the close of trading on March 31, 2026;

2、Source of shares from this exercise: ordinary A-share common shares issued to incentive participants through targeted issuance by the Company;

3、Number of participants: the number of incentive participants eligible for exercise in the first exercise period of the stock options granted for the first time under this Incentive Plan is 873. As of March 31, 2026, 864 persons exercised all, 8 persons partially participated in the exercise and completed share transfer registrations, and 1 person did not exercise;

4、Exercise price: the exercise price for the first exercise period of the stock options granted for the first time under this Incentive Plan is RMB 31.86 per option.

III. Arrangements for the Listing and Trading of Shares from This Exercise and Changes in Share Capital Structure

1、Time for the shares from this exercise to be released and become tradable: the shares acquired by the incentive participants under this Incentive Plan through exercise may be listed and traded on the second trading day (T+2) after the exercise date (T day).

2、Number of shares from this exercise to be released and become tradable: in the first quarter of 2026, the total number of shares from this Incentive Plan eligible to be released and become tradable through exercise is 600 shares.

3、All newly added shares from this exercise are tradable shares without any trading restrictions. If the incentive participant is a director or senior management officer of the Company, the transfer of the shares held by such person shall comply with the relevant provisions of laws and regulations including the Company Law of the People’s Republic of China, the Securities Law of the People’s Republic of China, and the《Administrative Rules on Shares of Listed Companies Held by Directors and Senior Management and Their Changes》, etc.

4、Changes in share capital:

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Note: 1、Between January 1, 2026 and March 31, 2026, 57 convertible bonds were converted;

2、On September 17, 2025, the Company disclosed《Announcement on the Implementation of Independent Exercise for the First Exercise Period of Stock Options Granted for the First Time Under the 2024 Stock Option and Restricted Stock Incentive Plan》. In this case, the independent exercise model was used; the exercise window for the first exercise period of the stock options granted for the first time is from September 20, 2025 to September 19, 2026 (the exercise day must be a trading day). The stock option exercise in the table refers to the exercise and completion of share transfer registrations for 600 shares during the period from January 1, 2026 to March 31, 2026.

IV. Share Registration Details and Plan for Use of Proceeds

In the first quarter of 2026, under this Incentive Plan, incentive participants exercised independently and completed the registration and share transfer of a total of 600 shares with the Shanghai Branch of China Securities Depository and Clearing Co., Ltd. The amount of proceeds raised was RMB 19,116.00. As of March 31, 2026, under this Incentive Plan, incentive participants have, through independent exercise, completed the registration and share transfer of a total of 2,808,476 shares with the Shanghai Branch of China Securities Depository and Clearing Co., Ltd., and the cumulative proceeds raised were RMB 89,478,045.36. These proceeds will be used to supplement the Company’s working capital.

V. Impact of Newly Added Shares After This Exercise on the Most Recent Interim Financial Report

This exercise will not have a material impact on the Company’s financial condition or operating results.

Hereby announced.

Board of Directors of Ecovacs Robotics Co., Ltd.

April 2, 2026

Stock code: 603486 Stock abbreviation: Ecovacs Announcement No.: 2026-028

Bond code: 113633 Bond abbreviation: Ecovacs Convertible Bond

Ecovacs Robotics Co., Ltd.

Announcement on the Results of Convertible Bond Conversion and Changes in Shares

The board of directors of the Company and all directors warrant that there are no false records, misleading statements, or material omissions in the contents of this announcement, and they assume legal responsibility for the truthfulness, accuracy, and completeness of the contents.

Key Highlights:

● Cumulative conversion: from June 6, 2022 to March 31, 2026, a cumulative amount of RMB 450,000 of Ecovacs Convertible Bonds has been converted into A-share shares of Ecovacs Robotics Co., Ltd. (hereinafter referred to as the “Company”), with a cumulative number of shares converted of 2,422 shares, accounting for 0.0004220% of the total number of shares of the Company issued before the conversion of the Ecovacs Convertible Bonds.

● Unconverted convertible bonds: as of March 31, 2026, the amount of Ecovacs Convertible Bonds that had not been converted was RMB 1,039,550,000, accounting for 99.9567% of the total issued amount of Ecovacs Convertible Bonds.

● Conversion this quarter: from January 1, 2026 to March 31, 2026, the amount of Ecovacs Convertible Bonds converted was RMB 11,000, and the number of shares formed due to the conversion was 57 shares, accounting for 0.00000993% of the total number of shares of the Company issued before the conversion of the Ecovacs Convertible Bonds.

I. Overview of Issuance and Listing of the Convertible Bonds

(A) Issuance of the convertible bonds

With the approval of the China Securities Regulatory Commission (hereinafter referred to as the “CSRC”) (License No. [2021] 3493), the Company publicly issued 10,400,000 convertible corporate bonds on November 30, 2021, each with a par value of RMB 100, with a total issuance amount of RMB 1.04B.

The term of this convertible bond is six years from the date of issuance, i.e., from November 30, 2021 to November 29, 2027. The bond interest rates are 0.3% for the first year, 0.5% for the second year, 1.0% for the third year, 1.5% for the fourth year, 1.8% for the fifth year, and 2.0% for the sixth year.

(B) Listing of the convertible bonds

With approval from the Shanghai Stock Exchange’s self-regulatory supervision decision letter No. [2021] 488, the convertible bonds were listed and traded on the Shanghai Stock Exchange starting from December 29, 2021. The bond abbreviation is “Ecovacs Convertible Bond,” and the bond code is “113633.”

© Conversion price of the convertible bonds

Pursuant to relevant regulations and the《Offering Memorandum for Public Issuance of A Shares Convertible Corporate Bonds by Ecovacs Robotics Co., Ltd.》 (hereinafter referred to as the “Offering Memorandum”), the “Ecovacs Convertible Bond” issued by the Company may be converted into the Company’s A-share ordinary shares starting from June 6, 2022. The initial conversion price of the convertible bonds was RMB 178.44 per share, and the latest conversion price is RMB 173.80 per share.

1、“Ecovacs Convertible Bond” initial conversion price is RMB 178.44 per share. Due to the Company’s implementation of the 2021 stock option and restricted stock incentive plan, registration for 0.9654 million shares of restricted stock granted for the first time was completed. As a result, the conversion price of the “Ecovacs Convertible Bond” has been adjusted from RMB 178.44 per share to RMB 178.28 per share starting from January 14, 2022. For details, see the Company’s announcement disclosed on January 13, 2022:《Notice on the Adjustment of Conversion Price of “Ecovacs Convertible Bond”》（Announcement No.: 2022-003）。

2、Due to the Company’s implementation of the 2021 restricted stock incentive plan, registration for 0.9326 million shares of restricted stock granted as the reserved portion was completed. As a result, the conversion price of the “Ecovacs Convertible Bond” has been adjusted from RMB 178.28 per share to RMB 178.13 per share starting from February 11, 2022. For details, see the Company’s announcement disclosed on February 10, 2022:《Notice on the Adjustment of Conversion Price of “Ecovacs Convertible Bond”》（Announcement No.: 2022-012）。

3、Due to the Company’s implementation of the 2021 annual equity distribution, the conversion price of the “Ecovacs Convertible Bond” needs to be adjusted accordingly. The conversion price of the “Ecovacs Convertible Bond” will be adjusted from RMB 178.13 per share to RMB 177.03 per share. The adjusted conversion price will take effect starting from June 2, 2022 (the ex-rights and ex-dividends date of this equity distribution). For details, see the Company’s announcement disclosed on May 27, 2022:《Announcement on Adjusting the Conversion Price of Convertible Bonds for the 2021 Annual Equity Distribution》（Announcement No.: 2022-048）。

4、The cancellation matters for the 200,130 shares of restricted stock granted for the first time and granted as the reserved portion under the 2019 restricted stock incentive plan, the 200,130 shares of restricted stock granted for the first time under the 2021 restricted stock incentive plan, and the 2021 stock option and restricted stock incentive plan have been completed. Due to changes in the Company’s share capital, the conversion price of the “Ecovacs Convertible Bond” needs to be adjusted accordingly. The conversion price of the “Ecovacs Convertible Bond” will be adjusted from RMB 177.03 per share to RMB 177.08 per share. The adjusted conversion price will take effect starting from July 26, 2022. For details, see the Company’s announcement disclosed on July 23, 2022:《Announcement on the Adjustment of the Conversion Price of “Ecovacs Convertible Bond”》（Announcement No.: 2022-061）。

5、The cancellation matters for the total 222,660 shares of restricted stock that were to be granted under the 2019 restricted stock incentive plan (first grant and reserved portion), the 2021 restricted stock incentive plan (first grant and reserved portion), and the 2021 stock option and restricted stock incentive plan (first grant) have been completed. Due to changes in the Company’s share capital, the conversion price of the “Ecovacs Convertible Bond” needs to be adjusted accordingly. The conversion price of the “Ecovacs Convertible Bond” will be adjusted from RMB 177.08 per share to RMB 177.13 per share. The adjusted conversion price will take effect starting from October 27, 2022. For details, see the Company’s announcement disclosed on October 26, 2022:《Announcement on the Adjustment of the Conversion Price of “Ecovacs Convertible Bond”》（Announcement No.: 2022-080）。

6、The cancellation matters for the total 182,080 shares of restricted stock that were granted under the reserved portion of the 2019 restricted stock incentive plan and under the 2021 restricted stock incentive plan (first grant and reserved portion) have been completed. Due to changes in the Company’s share capital, the conversion price of the “Ecovacs Convertible Bond” needs to be adjusted accordingly. The conversion price of the “Ecovacs Convertible Bond” will be adjusted from RMB 177.13 per share to RMB 177.17 per share. The adjusted conversion price will take effect starting from January 20, 2023. For details, see the Company’s announcement disclosed on January 19, 2023:《Announcement on the Adjustment of the Conversion Price of “Ecovacs Convertible Bond”》（Announcement No.: 2023-004）。

7、The Company terminated the implementation of the 2021 stock option and restricted stock incentive plan. The Company repurchased and canceled 916,700 shares of restricted stock granted to incentive participants but not yet unlocked, and repurchased and canceled 3,400 shares of restricted stock granted to incentive participants who left the Company but not yet unlocked, for a total of 920,100 shares of restricted stock granted but not yet unlocked. The cancellation matters for the above restricted stock have been completed. Due to changes in the Company’s share capital, the conversion price of the “Ecovacs Convertible Bond” needs to be adjusted accordingly. The conversion price of the “Ecovacs Convertible Bond” will be adjusted from RMB 177.17 per share to RMB 177.32 per share. The adjusted conversion price will take effect starting from February 20, 2023. For details, see the Company’s announcement disclosed on February 17, 2023:《Announcement on the Adjustment of the Conversion Price of “Ecovacs Convertible Bond”》（Announcement No.: 2023-010）。

8、Due to the Company’s implementation of the 2022 annual equity distribution, the conversion price of the “Ecovacs Convertible Bond” needs to be adjusted accordingly. The conversion price of the “Ecovacs Convertible Bond” will be adjusted from RMB 177.32 per share to RMB 176.42 per share. The adjusted conversion price will take effect starting from June 15, 2023. For details, see the Company’s announcement disclosed on June 9, 2023:《Announcement on Adjusting the Conversion Price of “Ecovacs Convertible Bond” Due to the Implementation of an Equity Distribution》（Announcement No.: 2023-053）。

9、The cancellation matters for the total 140,640 shares of restricted stock that were granted under the 2019 restricted stock incentive plan (first grant and reserved portion) and under the 2021 restricted stock incentive plan (first grant and reserved portion) have been completed. Due to changes in the Company’s share capital, the conversion price of the “Ecovacs Convertible Bond” needs to be adjusted accordingly. The conversion price of the “Ecovacs Convertible Bond” will be adjusted from RMB 176.42 per share to RMB 176.45 per share. The adjusted conversion price will take effect starting from July 5, 2023. For details, see the Company’s announcement disclosed on July 4, 2023:《Announcement on the Adjustment of the Conversion Price of “Ecovacs Convertible Bond”》（Announcement No.: 2023-061）。

10、Due to the completion of registration for 4.6068 million shares of restricted stock granted as the first grant under the 2023 stock option and restricted stock incentive plan, the conversion price of the “Ecovacs Convertible Bond” will be adjusted from RMB 176.45 per share to RMB 175.34 per share. The adjusted conversion price will take effect starting from July 21, 2023. For details, see the Company’s announcement disclosed on July 20, 2023:《Announcement on the Adjustment of the Conversion Price of “Ecovacs Convertible Bond”》（Announcement No.: 2023-066）。

11、The cancellation matters for the total 277,190 shares of restricted stock granted under the 2019 restricted stock incentive plan (first grant and reserved portion), the 2021 restricted stock incentive plan (first grant), and the 2023 stock option and restricted stock incentive plan (first grant) have been completed. Due to changes in the Company’s share capital, the conversion price of the “Ecovacs Convertible Bond” needs to be adjusted accordingly. The conversion price of the “Ecovacs Convertible Bond” will be adjusted from RMB 175.34 per share to RMB 175.41 per share. The adjusted conversion price will take effect starting from October 26, 2023. For details, see the Company’s announcement disclosed on October 25, 2023:《Announcement on the Adjustment of the Conversion Price of “Ecovacs Convertible Bond” and on the Suspension of Bond Conversion》（Announcement No.: 2023-090）。

12、The cancellation matters for the total 124,810 shares of restricted stock granted under the 2019 restricted stock incentive plan (first grant and reserved portion), the 2021 restricted stock incentive plan (first grant and reserved portion), and the 2023 stock option and restricted stock incentive plan (first grant) have been completed. Due to changes in the Company’s share capital, the conversion price of the “Ecovacs Convertible Bond” needs to be adjusted accordingly. The conversion price of the “Ecovacs Convertible Bond” will be adjusted from RMB 175.41 per share to RMB 175.44 per share. The adjusted conversion price will take effect starting from January 2, 2024. For details, see the Company’s announcement disclosed on December 29, 2023:《Announcement on the Adjustment of the Conversion Price of “Ecovacs Convertible Bond” and on the Suspension of Bond Conversion》（Announcement No.: 2023-114）。

13、Due to the Company’s implementation of the 2023 annual equity distribution, the conversion price of the “Ecovacs Convertible Bond” needs to be adjusted accordingly. The conversion price of the “Ecovacs Convertible Bond” will be adjusted from RMB 175.44 per share to RMB 175.15 per share. The adjusted conversion price will take effect starting from June 21, 2024. For details, see the Company’s announcement disclosed on June 14, 2024:《Announcement on Adjusting the Conversion Price of “Ecovacs Convertible Bond” Due to the Implementation of the 2023 Annual Equity Distribution》（Announcement No.: 2024-047）。

14、Due to the cancellation of 7,261,400 shares of restricted stock in total under the 2021 incentive plan (first grant and reserved portion) and the 2023 incentive plan (first grant), the conversion price of the “Ecovacs Convertible Bond” needs to be adjusted accordingly. Starting from July 30, 2024, the conversion price of the “Ecovacs Convertible Bond” will be adjusted from RMB 175.15 per share to RMB 176.83 per share. For details, see the Company’s announcement disclosed on July 27, 2024:《Announcement on the Adjustment of the Conversion Price of “Ecovacs Convertible Bond” and on the Suspension of Bond Conversion》（Announcement No.: 2024-059）。

15、Due to the completion of registration for a total of 6.09M shares of restricted stock granted under the 2024 stock option and restricted stock incentive plan (first grant), the conversion price of the “Ecovacs Convertible Bond” needs to be adjusted accordingly. Starting from November 12, 2024, the conversion price of the “Ecovacs Convertible Bond” will be adjusted from RMB 176.83 per share to RMB 175.17 per share. For details, see the Company’s announcement disclosed on November 9, 2024:《Announcement on the Adjustment of the Conversion Price of “Ecovacs Convertible Bond” and on the Suspension of Bond Conversion》（Announcement No.: 2024-092）。

16、Due to the Company’s implementation of the 2024 annual equity distribution, the conversion price of the “Ecovacs Convertible Bond” needs to be adjusted accordingly. The conversion price of the “Ecovacs Convertible Bond” will be adjusted from RMB 175.17 per share to RMB 174.72 per share. The adjusted conversion price will take effect starting from June 6, 2025. For details, see the Company’s announcement disclosed on May 30, 2025:《Announcement on Adjusting the Conversion Price of “Ecovacs Convertible Bond” Due to the Implementation of the 2024 Annual Equity Distribution》（Announcement No.: 2025-038）。

17、The cancellation matters for 489,300 shares of restricted stock granted under the 2024 stock option and restricted stock incentive plan (first grant) have been completed. Due to changes in the Company’s share capital, the conversion price of the “Ecovacs Convertible Bond” needs to be adjusted accordingly. The conversion price of the “Ecovacs Convertible Bond” will be adjusted from RMB 174.72 per share to RMB 174.85 per share. The adjusted conversion price will take effect starting from July 8, 2025. For details, see the Company’s announcement disclosed on July 5, 2025:《Announcement on the Adjustment of the Conversion Price of “Ecovacs Convertible Bond” and on the Suspension of Bond Conversion》（Announcement No.: 2025-051）。

18、Due to the completion of registration for a total of 1,550,500 shares of restricted stock granted under the reserved portion of the 2024 stock option and restricted stock incentive plan, the conversion price of the “Ecovacs Convertible Bond” needs to be adjusted accordingly. The conversion price of the “Ecovacs Convertible Bond” will be adjusted from RMB 174.85 per share to RMB 174.43 per share. The adjusted conversion price will take effect starting from August 29, 2025. For details, see the Company’s announcement disclosed on August 28, 2025:《Announcement on the Adjustment of the Conversion Price of “Ecovacs Convertible Bond” and on the Suspension of Bond Conversion》（Announcement No.: 2025-066）。

19、According to the inquiry results of China Securities Depository and Clearing Co., Ltd., from September 20, 2025 to September 30, 2025, under the 2024 stock option and restricted stock incentive plan, the stock options for the first exercise period granted for the first time were independently exercised and completed share transfer registrations for 2,506,028 shares. The conversion price of the “Ecovacs Convertible Bond” needs to be adjusted accordingly. Starting from October 14, 2025, the conversion price of the “Ecovacs Convertible Bond” will be adjusted from RMB 174.43 per share to RMB 173.81 per share. For details, see the Company’s announcement disclosed on October 11, 2025:《Announcement on the Adjustment of the Conversion Price of “Ecovacs Convertible Bond” and on the Suspension of Bond Conversion》（Announcement No.: 2025-075）。

20、According to the inquiry results of China Securities Depository and Clearing Co., Ltd., from October 1, 2025 to December 29, 2025, under the 2024 stock option and restricted stock incentive plan, the stock options for the first exercise period granted for the first time were independently exercised and completed share transfer registrations for 301,848 shares. At the same time, the cancellation matters for 243,400 shares of restricted stock granted under the 2024 stock option and restricted stock incentive plan (first grant and reserved portion) have been completed. Due to changes in the Company’s share capital, the conversion price of the “Ecovacs Convertible Bond” needs to be adjusted accordingly. The conversion price of the “Ecovacs Convertible Bond” will be adjusted from RMB 173.81 per share to RMB 173.80 per share. The adjusted conversion price will take effect starting from January 5, 2026. For details, see the Company’s announcement disclosed on December 31, 2025:《Announcement on the Adjustment of the Conversion Price of “Ecovacs Convertible Bond” and on the Suspension of Bond Conversion》（Announcement No.: 2025-090）。

II. Conversion of Convertible Bonds This Time

(A) Between January 1, 2026 and March 31, 2026, the amount of Ecovacs Convertible Bonds converted was RMB 11,000, and the number of shares formed due to conversion was 57 shares, accounting for 0.00000993% of the total number of shares of the Company issued before the conversion of the Ecovacs Convertible Bonds. From June 6, 2022 to March 31, 2026, a cumulative amount of RMB 450,000 of Ecovacs Convertible Bonds has been converted into the Company’s A-share shares, with a cumulative number of shares converted of 2,422 shares, accounting for 0.0004220% of the total number of shares of the Company issued before the conversion of the Ecovacs Convertible Bonds.

(B) As of March 31, 2026, the amount of Ecovacs Convertible Bonds that had not been converted was RMB 1,039,550,000, accounting for 99.9567% of the total issued amount of Ecovacs Convertible Bonds.

III. Changes in Share Capital

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Note: 1、Between January 1, 2026 and March 31, 2026, 57 convertible bonds were converted;

2、On September 17, 2025, the Company disclosed《Announcement on the Implementation of Independent Exercise for the First Exercise Period of Stock Options Granted for the First Time Under the 2024 Stock Option and Restricted Stock Incentive Plan》. In this case, the independent exercise mode was adopted; the exercise window for the first exercise period of the stock options granted for the first time is from September 20, 2025 to September 19, 2026 (the exercise day must be a trading day). In the table above, the exercise of stock options was during the period from January 1, 2026 to March 31, 2026, and share transfer registrations were completed for 600 shares.

IV. Other

Contact department: Securities Department

Consultation hotline: 0512-83880000-2

Contact email: ir@ecovacs.com

Hereby announced.

Board of Directors of Ecovacs Robotics Co., Ltd.

April 2, 2026

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