Shenzhen Dobot Corp Ltd (2432) completed the placing of 16,660,000 H shares on November 13, 2025, at a placing price of HK$46.80 per H share. The total net proceeds reached approximately HK$771.0 million, yielding a net issue price of around HK$46.28 per share. According to the announcement, the placing shares represent about 4.23% of the company’s enlarged H share capital and approximately 3.79% of its total share capital.

The company intends to allocate 40% of the net proceeds to advance technological research and product innovation in intelligent robotics, particularly for new collaborative robots and embodied AI. A further 20% is targeted for investment, acquisition, and strategic alliances in the broader robotic value chain, 20% for strengthening domestic and international sales channels, and 20% for general working capital needs, which is expected to be fully utilized by the end of 2027.

The announcement also provides updates on the utilization of previous financing activities. Net proceeds from the company’s Global Offering in December 2024 and a previous placing in July 2025 remain available for ongoing development of key robotics technologies and manufacturing capabilities, as well as potential investments and acquisitions. The company notes that each of these fundraising initiatives addresses distinct product lines and market strategies, covering collaborative robots, humanoid robots, multi-legged machines, and sales channel expansion across key domestic and overseas markets.

Post-placing, the total number of issued shares of Shenzhen Dobot Corp Ltd stands at 439,955,400, with the placees not becoming substantial shareholders. The announcement underscores that the funds from the placing, alongside the remaining proceeds from prior offerings, will support the company’s research and development endeavors, pursuit of strategic alliance opportunities, and continued expansion in both local and global markets.