UBTECH ROBOTICS (09880) Announces Continuing Connected Transaction, Bank Credit Arrangement, and Proposed Amendments

UBTECH ROBOTICS CORP LTD (Stock Code: 09880) released an announcement detailing three key developments. The announcement addresses a new Project Engineering Services and Products Framework Agreement with Miracle Automation Engineering Co., Ltd. (MAE), an application for bank credit totaling RMB700.00 million, and proposed amendments to its Articles of Association.

UBTECH ROBOTICS stated that Wuxi Uqi, a subsidiary regarded as under its control per the Listing Rules, entered into a new framework agreement with MAE on March 4, 2026. According to the agreement, Wuxi Uqi Group will supply MAE Group with products and services including equipment design, implementation, and delivery until December 31, 2028. Historical transaction amounts for Wuxi Uqi’s dealings with MAE Group were reported at RMB293.60 million for 2023, RMB187.60 million for 2024, and RMB128.80 million for 2025 (all unaudited). The transaction caps under the new agreement will be RMB250.00 million, RMB200.00 million, and RMB150.00 million for the years ending December 31, 2026, 2027, and 2028, respectively.

UBTECH ROBOTICS also disclosed that the company will seek approval to apply for bank credit totaling a maximum limit of RMB700.00 million from several banks, including Industrial and Commercial Bank of China Limited, Shenzhen Xinian Branch; Bank of Communications Co., Ltd., Shenzhen Branch; Bank of Shanghai Co., Ltd., Shenzhen Branch; and Luso International Banking Ltd., Guangzhou Branch. The purposes are to ensure sufficient working capital and support business expansion. The credit arrangement will be subject to approval by shareholders at an extraordinary general meeting (EGM).

Additionally, proposed amendments to the Articles of Association reflect changes to share capital following a placement completed on December 2, 2025, which increased the total issued shares from 471,933,373 to 503,401,373. Correspondingly, the registered capital rose from RMB471,933,373 to RMB503,401,373. The amended Articles of Association must also be approved at the upcoming EGM.

The relevant EGM is scheduled for March 19, 2026. A circular containing further details on the new framework agreement, the bank credit arrangement, and the proposed amendments to the Articles of Association is available on the websites of the Stock Exchange of Hong Kong Limited and UBTECH ROBOTICS.