MAXNERVA TECH (01037) surged over 17%, rising 17.86% to HK$0.99 per share as of press time, with a trading volume of HK$12.2876 million.

On the news front, MAXNERVA TECH announced on September 22 that its wholly-owned subsidiary, Maxnerva (Shenzhen) Technology Co., Ltd., has entered into a memorandum of understanding with UBTECH ROBOTICS regarding potential strategic cooperation in the humanoid robot business. According to the memorandum, Maxnerva Shenzhen will be responsible for global sales, marketing, and after-sales services of UBTECH ROBOTICS' humanoid robot products, while UBTECH ROBOTICS will focus on product research and development, manufacturing, technical support, and product upgrades. This division of labor creates a precise complementary model of "R&D and production + market services."

UBTECH ROBOTICS is among the few companies globally with full-stack humanoid robot technology capabilities and holds the world's largest number of effective patents for humanoid robots. MAXNERVA TECH is an affiliated listed company of Hon Hai Foxconn Technology Group.

Notably, UBTECH ROBOTICS' official account disclosed this morning that UBTECH's smart logistics subsidiary UQI and Tianqi Automation Engineering Co., Ltd. have formally signed a procurement contract. Tianqi will purchase UBTECH's industrial humanoid robots from the Walker S series worth a total of RMB 30 million, with delivery to be completed by December 31, 2025. Including this latest order, UBTECH's Walker series humanoid robots have secured contracts worth nearly RMB 430 million to date (including nearly RMB 50 million in humanoid robot orders delivered in the first half of the year, excluding orders for the full-size research and education humanoid robot Tiangong Walker).