Guangdong Huayan Robotics Co., Ltd. (Huayan Robotics) signed a sale-and-purchase agreement on 10 June 2026 to buy floors 7-13 of Building 1 in the Pengxia Robotics Intelligent Manufacturing Park, Jiangmen, Guangdong, from Guangdong Pengxia Robotics Co., Ltd. for RMB 85.11 million.

The target property offers a gross floor area of 24,316.18 sqm, translating to a unit price of RMB 3,500 per sqm. An independent valuer assessed the asset at RMB 86.43 million, above the agreed consideration, while its unaudited book value stood at RMB 80.51 million as at 31 March 2026. The site, zoned for industrial use, is currently unoccupied and will be acquired mortgage-free prior to title transfer.

Payment will be made in three tranches: 30% (RMB 25.53 million) within 15 days of signing; 40% (RMB 34.04 million) within 15 days after property handover enabling renovation; and the remaining 30% (RMB 25.53 million) within 15 days after title registration. Completion must occur by 30 September 2026. Failure attributable to the vendor triggers daily liquidated damages of 0.005% of the total consideration and entitles Huayan Robotics to terminate and reclaim payments.

Classified as a discloseable transaction under Hong Kong Listing Rules, the deal’s highest applicable percentage ratio exceeds 5% but is below 25%, requiring announcement but not shareholder approval. Funding will come entirely from internal resources, with no use of IPO proceeds.

Huayan Robotics anticipates full utilisation of existing capacity by year-end and views the acquisition as a faster, cost-efficient alternative to greenfield construction. The Jiangmen site, positioned within the Guangdong Rail Transit Industrial Park and five minutes from Jiangmen Railway Station, offers integrated road, rail, port and air links to key Greater Bay Area cities, supporting the company’s expansion in collaborative robots and motion components manufacturing.