Recently, Ecarx Technology announced that the US$100 million convertible bonds (2025 Bonds) it planned to issue under the Convertible Bond Purchase Agreement signed on November 3, 2025 were fully subscribed on February 9, 2026.

Pursuant to the 2025 Bond Purchase Agreement, initial investors subscribed for US$35 million of the 2025 Bonds on November 14, 2025. Subsequently, another investor subscribed for US$25 million on November 26, 2025, and the remaining US$40 million were subscribed by a consortium of investors on February 9, 2026. The initial conversion price for all 2025 Bonds is US$2.62 per share, which may be adjusted in accordance with the customary provisions set forth in the agreement.