UBTECH ROBOTICS (09880) Announces Connected Transaction, Bank Credit Arrangements, and Amendments to Articles

Bulletin Express03-04

UBTECH ROBOTICS CORP LTD (Stock Code: 09880) released a circular highlighting three major proposals for consideration at its upcoming extraordinary general meeting (EGM) on March 19, 2026.

The first proposal involves a new continuing connected transaction framework agreement between Wuxi Uqi Intelligent Technology Co., Ltd. (a subsidiary of UBTECH ROBOTICS CORP LTD) and Miracle Automation Engineering Co., Ltd. The agreement covers smart robotic products and related services from March 4, 2026, to December 31, 2028. Projected annual transaction caps are set at 250.00 million renminbi for 2026, 200.00 million renminbi for 2027, and 150.00 million renminbi for 2028.

The second proposal concerns bank credit arrangements. The company intends to apply for an aggregate credit limit of up to 700.00 million renminbi in total from four banks. The credit will strengthen operating cash flow and support business expansion. Shareholders will vote on this arrangement at the EGM.

The third proposal addresses amendments to the company’s Articles of Association following an increase in registered capital to 503.40 million renminbi after the completion of a share placing. The total issued shares climbed from 471.93 million to 503.40 million. These amendments, once approved, will align the registered capital information in the Articles with the recent placements.

Interested shareholders may attend the EGM in Shenzhen on March 19, 2026, to review and vote on all proposals, including the continuing connected transaction, the credit arrangement, and the amendments to the Articles of Association.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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