UBTECH Robotics (UBTECH) has issued a circular convening its 2025 Annual General Meeting (AGM) for 7 May 2026 in Shenzhen to seek shareholder approval on a series of operating, financing and governance items. Key points are as follows:

• 2025 performance snapshot – Revenue reached RMB2.00 billion. – Net loss attributable to shareholders amounted to RMB703.19 million. – Year-end total assets stood at RMB10.24 billion, with equity of RMB7.22 billion and cash of RMB4.92 billion.

• No dividend proposed Cumulative undistributed profits remained negative; therefore, the Board recommends no profit distribution for 2025.

• 2026 financial budget Management plans to cap major expenses at RMB700 million for general & administrative, RMB600 million for selling and RMB400 million for R&D, totalling approximately RMB1.70 billion.

• New bank credit lines The company seeks authorisation to secure up to RMB800 million in new credit facilities: – China CITIC Bank Shenzhen Branch: up to RMB300 million – China Construction Bank Shenzhen Branch: up to RMB200 million – Hua Xia Bank Shenzhen Branch: up to RMB200 million – China Resources Bank of Guangdong Zhuhai Branch: up to RMB100 million

• Capital management mandates – Share issuance: the Board requests a 12-month general mandate to issue up to 20% of existing share capital, equivalent to a maximum of 14.13 million Domestic shares and 86.55 million H shares. – Share repurchase: a parallel mandate would allow the company to buy back up to 10% of issued H shares (c. 43.27 million shares) on- or off-market; repurchased shares may be cancelled, held as treasury stock or used for equity incentives.

• Additional guarantees UBTECH plans to provide new guarantees totalling up to RMB910 million for four wholly-owned subsidiaries to support their financing needs, on top of the existing RMB1.78 billion in guarantees.

• Governance proposals Shareholders will vote on reappointing PricewaterhouseCoopers Zhong Tian LLP as auditor for 2026, approving directors’ remuneration (independent non-executive directors at RMB180,000 per annum), and ratifying 2025 related-party transactions detailed in the annual report.

All resolutions require shareholder approval at the upcoming AGM; ordinary matters need a simple majority, while mandates for share issuance, repurchases and guarantees require special resolutions.