On December 2, 2025, UBTECH ROBOTICS CORP LTD (9880.HK,
"UBTECH") successfully issued an aggregate of 31,468,000 H shares and
placed at a price of HKD98.80 per share on the Main Board of The Stock Exchange
of Hong Kong Limited (the "Placement"). After deduction of related
fees and expenses, the net proceeds from the Placement are approximately
HKD3,055.71 million, and will be utilized for, among other things, investment
in or acquisition of potential upstream or downstream targets in the business
value chain of UBTECH, or integration with related industries or establish
joint operating entities, business operation and development and repayment of
amounts due credit facilities.
UBTECH is a leading humanoid robots and smart service robots
company. It is also one of the few companies which have developed full-stack
humanoid robotic technologies in the world.
Fangda Partners acted as the Hong Kong legal advisor to UBTECH and
provided comprehensive legal services to the Placement. This project was led by
partners Ma Qiang and Arnold Pang, with team members including Geoffrey Cheung and Victor Lin.