MAXNERVA TECH (01037) defied market conditions with gains exceeding 23%. As of press time, the stock was trading 18.06% higher at HK$0.85, with turnover reaching HK$20.31 million.

On the news front, MAXNERVA TECH previously announced that its wholly-owned subsidiary MAXNERVA Shenzhen has entered into a memorandum of understanding for potential strategic cooperation with UBTECH ROBOTICS (09880). Under this arrangement, MAXNERVA Shenzhen will be responsible for global sales, marketing, and after-sales services of humanoid robot products, while UBTECH ROBOTICS will handle the research and development, manufacturing, and technical support for these products.

According to public information, MAXNERVA TECH is an affiliated listed company of Hon Hai Foxconn Technology Group. It is reported that UBTECH ROBOTICS' humanoid robots have previously entered Foxconn factories for practical training. With this agreement signed with MAXNERVA, UBTECH ROBOTICS is expected to receive its first batch of humanoid robot orders from Foxconn in the near future.