Ecovacs Robotics Co., Ltd. Announcement on the Expected Foreign Exchange Derivative Trading Limit for 2026

Log in to the Sina Finance app and search for 【Information Disclosure】 to view more assessment tiers

Security code: 603486 Security abbreviation: Ecovacs Announcement No.: 2026-024

Bond code: 113633 Bond abbreviation: Ecovacs Convertible Bonds

Ecovacs Robot Co., Ltd.

Announcement on the Expected Foreign Exchange Derivatives Trading Credit Limit for Fiscal Year 2026

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

Key Matters:

● Main Trading Particulars

■

● Procedures Completed and Procedures Planned to Be Completed for Approval

Ecovacs Robot Co., Ltd. (hereinafter referred to as the “Company”) convened the 8th meeting of the fourth session of its board of directors on March 30, 2026, and approved the resolution titled “Proposal on the Expected Foreign Exchange Derivatives Trading Credit Limit for Fiscal Year 2026.” It agreed that the Company and its wholly owned subsidiaries will carry out foreign exchange derivatives trading. The upper limit of the transaction margin and option premiums expected to be used is no more than RMB 300 million (equivalent). The maximum notional contract value held on any single trading day is no more than USD 1650 million (equivalent). Trading products include, but are not limited to, forwards, options, foreign exchange futures, and other businesses. To improve work efficiency and ensure the smooth conduct of subsequent work, the general meeting is requested to authorize the general manager, or persons authorized by the general manager, to exercise approval authority for foreign exchange derivatives trading business within the aforementioned credit limits and to sign related documents. Within the aforementioned credit limits, funds may be used on a revolving basis, and the company’s finance department is responsible for carrying out specific implementation matters. The authorization period is valid for 12 months from the date on which the general meeting approves it.

● Special Risk Warning:

The foreign exchange derivatives trading business conducted by the Company follows the principles of legality, prudence, safety, and effectiveness, and is not intended for speculation. However, financial markets are highly affected by macroeconomic conditions, and there is no guarantee that such investments will not be affected by systematic risks arising from changes in market volatility, macroeconomic conditions, and macro policies such as monetary policy and fiscal policy.

I. Overview of Trading Activities

(1) Trading Purpose

The Company’s overseas sales receipts are mainly in currencies such as USD and EUR. Therefore, when exchange rates experience significant fluctuations, it will affect the Company’s operating performance. As the Company’s overseas revenue scale continues to expand and its share continues to increase, in order to effectively hedge against foreign exchange market risks and reduce the potential adverse impact of exchange-rate fluctuations on the Company’s normal operations, the Company plans to carry out foreign exchange derivatives trading. The above business is carried out on a basis of production and operation, and for the purpose of hedging. It is not conducted for speculative or arbitrage transactions solely for the purpose of profit. It does not affect the development of the Company’s main business.

(2) Trading Amount

For this foreign exchange derivatives trading, the upper limit of the transaction margin and option premiums expected to be used is no more than RMB 300 million (equivalent), and the maximum notional contract value held on any single trading day is no more than USD 1650 million (equivalent). During the term, the trading amount at any point in time (including the relevant amount for re-trading the gains of the aforementioned transactions) shall not exceed the approved credit limit.

(3) Source of Funds

The source of funds is the Company’s own funds and does not involve raised funds.

(4) Trading Methods

1. Trading instruments: including but not limited to forwards, options, foreign exchange futures, and other businesses. Currency coverage includes, but is not limited to, foreign currencies such as USD and EUR.

2. Trading tools: simple and manageable foreign exchange derivative instruments such as foreign exchange futures, foreign exchange forwards, and foreign exchange options are selected, whose pricing and market terms are easy to calculate and whose risks can be effectively assessed.

3. Trading venues: the venues for the Company’s forward and option trading and foreign exchange futures trading are financial institutions such as banks that have business qualifications for foreign exchange derivatives, as well as major global exchanges such as Hong Kong and Singapore.

4. Necessity of carrying out foreign exchange derivatives trading business:

(1) Foreign exchange derivatives are foreign exchange risk-hedging financial products approved by the People’s Bank of China. The trading principle is to sign forward purchase/exchange agreements, settlement/spread agreements, and swap agreements with banks, specifying the foreign exchange currencies, amounts, terms, and exchange rates for future purchase and settlement. At maturity, the purchase and settlement business is handled according to the agreed currency, amount, and exchange rate under such agreements, thereby locking in the costs of purchasing and settling foreign exchange at the time.

(2) The scale of the foreign exchange derivatives trading business carried out by the Company is consistent with the Company’s actual import and export transaction volume, and the scale of overseas assets/liabilities, and there is no speculative operation. As the Company’s overseas sales scale continues to expand, the Company believes it is necessary to hedge against exchange-rate risks through foreign exchange derivatives trading business.

(3) To effectively hedge against and prevent adverse impacts on the Company’s operating performance and overseas business caused by significant exchange-rate fluctuations, the Company plans to carry out foreign exchange futures business to actively manage exchange-rate fluctuation risks and ensure financial soundness.

(5) Trading Term

Valid for 12 months from the date on which the Company’s general meeting approves it.

II. Approval Procedures

On March 30, 2026, the Company convened the 8th meeting of the fourth session of its board of directors, and approved the resolution titled “Proposal on the Expected Foreign Exchange Derivatives Trading Credit Limit for Fiscal Year 2026.” It agreed that the Company and its wholly owned subsidiaries will carry out foreign exchange derivatives trading. The upper limit of the transaction margin and option premiums expected to be used is no more than RMB 300 million (equivalent). The maximum notional contract value held on any single trading day is no more than USD 1650 million (equivalent). Trading products include, but are not limited to, forwards, options, foreign exchange futures, and other businesses. To improve work efficiency and ensure the smooth conduct of subsequent work, the general meeting is requested to authorize the general manager, or persons authorized by the general manager, to exercise approval authority for foreign exchange derivatives trading business within the aforementioned credit limits and to sign related documents. Within the aforementioned credit limits, funds may be used on a revolving basis, and the Company’s finance department is responsible for carrying out specific implementation matters. The authorization period is valid for 12 months from the date on which the general meeting approves it.

III. Risk Analysis of Foreign Exchange Derivatives Trading and Risk Control Measures Taken by the Company

(1) Risk Analysis of Foreign Exchange Derivatives Trading

The foreign exchange derivatives business carried out by the Company follows the principle of locking in exchange-rate/interest-rate risk and does not conduct speculative or arbitrage trading operations. However, the foreign exchange derivatives business still involves certain risks:

1. Market risk: when international and domestic economic conditions change, corresponding market price fluctuations such as exchange rates and interest rates may affect the Company’s foreign exchange derivatives trading. Risks may arise from changes in overseas political, economic, and legal environments, or from risks caused by insufficient product liquidity, counterparty default, and other factors.

2. Performance (fulfillment) risk: the counterparties for the Company’s foreign exchange derivatives business are all banks with good credit and with which the Company has established long-term business relationships; therefore, there is basically no performance risk.

3. Other risks: during the conduct of foreign exchange derivatives trading business, if operators do not follow prescribed procedures for executing such trades or fail to fully understand information on foreign exchange derivatives, operation risk will arise. If the terms of the trading contracts are unclear, the Company may face legal risks.

(2) Risk Control Measures Taken by the Company

1. The Company has formulated the “Management System for Futures and Derivatives Business of Ecovacs Robot Co., Ltd.” It stipulates that foreign exchange derivatives trading business conducted by the Company must follow the principles of legality, prudence, safety, and effectiveness, and must not conduct trades solely for the purpose of profit. All foreign exchange derivatives trading business must be based on normal production and operation, rely on specific operating businesses, and be intended to hedge and prevent exchange-rate risks. The Company may not engage in investment and arbitrage transactions. The Company must have its own funds that match the transaction margin requirements for foreign exchange derivatives trading business. It may not use raised funds, directly or indirectly, to carry out foreign exchange derivatives trading business. It must strictly control the size of funds in accordance with the foreign exchange derivatives credit limit approved for consideration, and must not affect the Company’s normal business operations.

2. The Company strictly manages overseas derivatives trading, strengthens risk assessment regarding overseas political, economic, and legal factors, implements the hedging principle, and ensures that overseas foreign exchange derivatives trading and the hedging-background projects achieve the risk-hedging objective in terms of trading amount, trading direction, trading term, etc., thereby preventing risks from overseas derivatives trading.

3. Given that the purpose of the Company’s carrying out the above business is as stated, trading is allowed only with financial institutions and exchanges that have legitimate operating qualifications, and the Company must carefully select its trading personnel when conducting foreign exchange derivatives business.

4. Strengthen the management of the Company’s bank accounts and funds, and strictly comply with approval procedures for fund transfers and use.

IV. Impact on the Company and Related Accounting Treatment

The Company’s foreign exchange derivatives business is closely related to daily production and operations. It can enhance the Company’s ability to respond to foreign exchange fluctuation risks, improve the stability of the Company’s operations, and is consistent with the Company’s long-term development and the interests of its shareholders.

Pursuant to relevant provisions and guidance such as the Ministry of Finance’s “Accounting Standards for Business Enterprises No. 22—Recognition and Measurement of Financial Instruments,” “Accounting Standards for Business Enterprises No. 24—Hedge Accounting,” “Accounting Standards for Business Enterprises No. 37—Presentation of Financial Instruments,” “Accounting Standards for Business Enterprises No. 39—Fair Value Measurement,” and other relevant requirements, the Company conducts corresponding accounting and treatment for the foreign exchange derivatives trading business it carries out, reflecting related items in the statement of financial position and statement of profit and loss. The specific outcomes shall be based on the results of the annual audit.

■

This announcement is hereby issued.

Board of Directors of Ecovacs Robot Co., Ltd.

March 31, 2026

Security code: 603486 Security abbreviation: Ecovacs Announcement No.: 2026-026

Bond code: 113633 Bond abbreviation: Ecovacs Convertible Bonds

Ecovacs Robot Co., Ltd.

Notice of Convening the First Extraordinary General Meeting of Shareholders in 2026

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

Key Matters:

● Meeting date: April 15, 2026

● Online voting system adopted for this meeting: the online voting system for general meetings of shareholders of the Shanghai Stock Exchange

I. Basic Information on the Meeting

(1) Type and session of the general meeting

First Extraordinary General Meeting of Shareholders in 2026

(2) Convener of the general meeting: the board of directors

(3) Voting method: The voting method adopted for this general meeting is a combination of onsite voting and online voting

(4) Date, time, and location for the onsite meeting

Date and time: April 15, 2026 at 9:30 a.m.

Location: Company conference room, No. 18 Youxiang Road, Wuzhong District, Suzhou, Jiangsu Province

(5) System for online voting, voting start and end dates, and voting time.

Online voting system: the online voting system for general meetings of shareholders of the Shanghai Stock Exchange

Online voting start and end time: from April 15, 2026 to April 15, 2026

Voting time using the Shanghai Stock Exchange online trading platform on the day of the general meeting is the trading time period of the day, i.e., 9:15–9:25, 9:30–11:30, 13:00–15:00; voting time via the internet voting platform on the day of the general meeting is 9:15–15:00.

(6) Voting procedures for margin financing and securities lending, refinancing and securities lending, agreed repurchase business accounts, and Shanghai-Hong Kong Stock Connect investors

For investors involved in margin financing and securities lending, refinancing and securities lending business, agreed repurchase business-related accounts, and Shanghai-Hong Kong Stock Connect investors, voting shall be handled in accordance with relevant provisions such as the “Shanghai Stock Exchange Listing Company Self-Regulatory Guidelines No. 1—Standardized Operation,” and other related rules.

(7) Solicitation of voting rights from shareholders

Not applicable

II. Matters to Be Considered at the Meeting

This general meeting will consider proposed resolutions and the types of shareholders voting

■

1. Time for disclosure of each proposed resolution and disclosure media

The above resolutions were approved on March 30, 2026 at the 8th meeting of the fourth session of the board of directors. For details, please refer to the relevant announcements disclosed by the company on March 31, 2026 on the website of the Shanghai Stock Exchange (www.sse.com.cn) and in the company-designated information disclosure media.

2. Proposed resolutions requiring special resolutions: none

3. Proposed resolutions for separate counting of votes for small and medium investors: 1

4. Proposed resolutions involving related shareholders’ avoidance of voting: none

Names of related shareholders required to avoid voting: none

5. Proposed resolutions involving priority shareholders participating in voting: none

III. Voting Notes for Shareholders

(1) If the Company’s shareholders exercise their voting rights through the online voting system for general meetings of shareholders of the Shanghai Stock Exchange, they may either log in to the trading system voting platform (through the securities company trading terminal designated for trading) to vote, or log in to the internet voting platform (website: vote.sseinfo.com) to vote. For the first time that an investor logs in to the internet voting platform to vote, the investor needs to complete shareholder identity verification. For specific operation instructions, please refer to the instructions on the website of the internet voting platform.

(2) If the same voting right is voted for more than once through onsite voting, the online voting platform of this Exchange, or other methods, the first voting result shall prevail.

(3) Shareholders holding multiple shareholder accounts may exercise the total number of voting rights equal to the sum of the number of ordinary shares of the same class and the same type of preferred shares held under all their accounts.

Shareholders holding multiple shareholder accounts participating in the online voting for this general meeting through the online voting system of this Exchange may participate via any one of their shareholder accounts. After voting, it is deemed that the ordinary shares of the same class and preferred shares of the same type under all their shareholder accounts have each cast the same opinion via their votes.

For shareholders holding multiple shareholder accounts who cast votes through multiple shareholder accounts, the voting opinions for the ordinary shares of the same class and preferred shares of the same type under all their shareholder accounts shall, respectively, be based on the first voting result of each category and type of shares.

(4) Shareholders must submit after voting on all proposed resolutions.

IV. Persons Attending the Meeting

(1) Shareholders of the Company recorded in the Shanghai branch of China Securities Depository and Clearing Co., Ltd. at the close of business on the shareholding record date (for specific circumstances, see the table below) are entitled to attend the general meeting. They may also authorize an agent to attend the meeting and participate in voting in writing. The agent does not need to be a shareholder of the Company.

■

(2) The Company’s directors and senior management personnel.

(3) The lawyers hired by the Company.

(4) Other personnel.

V. Methods for Registering the Meeting

(1) Registration time: 9:30–11:00 a.m. on April 14, 2026. After the above time period, shareholder registration for onsite attendance will no longer be handled

(2) Registration method: onsite registration, or registration by mail or email, etc.

(3) Registration location: Office of the Company’s securities department

Address: No. 518, Songwei Road, Suzhou Wuzhong Guoxiang Street, Wuzhong District, Suzhou, Jiangsu Province, Songjiang River Industry Park

Contact person: Xu Zhe

Telephone: 0512-83880000-2

Email: ir@ecovacs.com

(4) Registration formalities:

1. For individual shareholders: bring copies of the shareholder’s own ID card and the shareholder account card or the shareholding certificate. The authorized agent must bring copies of the agent’s own ID card, the letter of authorization, the principal’s shareholder account card or the shareholding certificate, and the principal’s ID card copy.

2. For corporate shareholders: bring copies of the business license, the shareholder account card or the shareholding certificate, and copies of the ID card of the legal representative or the letter of authorization, and the attending person’s ID card to complete registration formalities.

3. Shareholders from other locations may register by mail or email, together with copies of their own ID card, shareholder account card, or shareholding certificate.

VI. Other Matters

1. This general meeting will not distribute gifts. Each attending shareholder is responsible for their own accommodation and transportation expenses.

2. Shareholders attending the meeting should arrive at the meeting venue at least half an hour before the meeting begins and bring original copies of documents such as identity certification and shareholding proof, as well as the letter of authorization, so that entry can be verified.

This announcement is hereby issued.

Board of Directors of Ecovacs Robot Co., Ltd.

March 31, 2026

Appendix 1: Letter of Authorization

Filing documents

Board resolution proposing to convene this general meeting

Appendix 1: Letter of Authorization

Letter of Authorization

Ecovacs Robot Co., Ltd.:

I hereby authorize Mr./Ms. [Name] to act on behalf of this entity (or myself) to attend the Company’s First Extraordinary General Meeting of Shareholders of 2026 to be held on April 15, 2026, and to exercise voting rights on the Company’s behalf.

Number of ordinary shares held by the principal:

Number of preferred shares held by the principal:

Principal’s shareholder account number:

■

Signature (seal) of the principal: Signature of the proxy:

Principal’s ID number: Proxy’s ID number:

Date of authorization: Year Month Day

Remarks:

The principal shall select one intention among “for,” “against,” or “abstain” in the letter of authorization and put a “√” next to the chosen option. If the principal has not provided specific instructions in this letter of authorization, the proxy shall be entitled to vote at their discretion.

Security code: 603486 Security abbreviation: Ecovacs Announcement No.: 2026-025

Bond code: 113633 Bond abbreviation: Ecovacs Convertible Bonds

Ecovacs Robot Co., Ltd.

Resolution Announcement of the 8th Meeting of the Fourth Session of the Board of Directors

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

I. Convening of the Board Meeting

On March 30, 2026, the 8th meeting of the fourth session of the board of directors of Ecovacs Robot Co., Ltd. (hereinafter referred to as the “Company”) was held in the Company’s conference room. The meeting notice for this meeting was issued in writing on March 27, 2026. The meeting was held using a combination of onsite and communication-based voting. The board should have 9 directors in attendance, and 9 directors were present (of which 4 attended through communication voting). This satisfies the statutory quorum for holding a board meeting. The meeting was chaired by Mr. Qian Dongqi, and senior management personnel of the Company attended the meeting. The convening and holding of the meeting complied with relevant laws, administrative regulations, departmental rules, normative documents, and the “Articles of Association.” The resolutions formed through voting are lawful and valid. The following proposals were considered and approved at the meeting:

II. Consideration at the Board Meeting

1. Approved the resolution titled “Proposal on the Expected Foreign Exchange Derivatives Trading Credit Limit for Fiscal Year 2026”

The upper limit of the transaction margin and option premiums expected to be used by the Company and its wholly owned subsidiaries for foreign exchange derivatives trading is no more than RMB 300 million (equivalent), and the maximum notional contract value held on any single trading day is no more than USD 1650 million (equivalent). Trading products include, but are not limited to, forwards, options, foreign exchange futures, and other businesses. To improve work efficiency and ensure the smooth conduct of subsequent work, the general meeting is requested to authorize the general manager, or persons authorized by the general manager, to exercise approval authority for foreign exchange derivatives trading business within the aforementioned credit limits and to sign related documents. Within the aforementioned credit limits, funds may be used on a revolving basis, and the Company’s finance department is responsible for carrying out specific implementation matters. The authorization period is valid for 12 months from the date on which the general meeting approves it.

For details, please refer to the “Announcement on the Expected Foreign Exchange Derivatives Trading Credit Limit for Fiscal Year 2026” disclosed on the Shanghai Stock Exchange website (www.sse.com.cn) on the same day.

Voting result: 9 votes in favor, 0 votes against, 0 votes abstained.

2. Approved the resolution titled “Feasibility Analysis Report on the Company and Its Wholly Owned Subsidiaries’ Foreign Exchange Derivatives Trading Business”

Voting result: 9 votes in favor, 0 votes against, 0 votes abstained.

3. Approved the resolution titled “Proposal to Convene the First Extraordinary General Meeting of Shareholders of the Company in 2026”

The Company’s board of directors agrees to convene the Company’s First Extraordinary General Meeting of Shareholders in 2026 on April 15, 2026. For details, please refer to the notice on the convening of the first extraordinary general meeting in 2026 disclosed by the Company on the Shanghai Stock Exchange website (www.sse.com.cn) and in the designated media.

Voting result: 9 votes in favor, 0 votes against, 0 votes abstained.

This announcement is hereby issued.

Board of Directors of Ecovacs Robot Co., Ltd.

March 31, 2026

Massive information, precise analysis—right in the Sina Finance app