YUNJI (02670) will conduct its IPO subscription from October 8 to October 13, 2025. The company plans to globally offer 6.9 million H shares, with 345,000 shares offered in Hong Kong and 6.555 million shares in international offering. An additional 15% over-allotment option is available, with an offer price of HK$95.6 per share. Each board lot consists of 50 shares, and the shares are expected to commence trading on the Stock Exchange on October 16, 2025.
The company is a leading AI-enabled robotics services technology enterprise. The company primarily provides robots and functional suites, complemented by AI digitalization system services. From robots capable of interacting with the real world to AI digitalization systems that optimize decision-making, the company offers adaptive and scalable products and services to customers.
The company's service agents (including robotic agents and non-physical robotic agents) are compatible with third-party AIoT devices and multi-functional upstream warehouses, seamlessly integrating with other software and customers' existing workflows. Unlike traditional robotic products characterized by automation that rely on pre-designed control algorithms with lower intelligence levels and are limited to specific scenarios and fixed production lines with limited production efficiency, or traditional artificial intelligence products that follow predefined workflows requiring manual input, the company's service agents integrate advanced AI technology in perception, planning, memory, and independent action execution. They feature high intelligence, self-evolution, autonomous operation, and integration with adaptive hardware and software, capable of customizing different functions for different scenarios.
After deducting estimated underwriting commissions and other fees and expenses payable by the company for the global offering, and assuming the over-allotment option is not exercised and the offer price is HK$95.60 per share, the company estimates it will receive net proceeds from the global offering of approximately HK$590 million. The company plans to use the net proceeds from the global offering for the following purposes: approximately 60.0% will be used to continuously enhance the company's R&D capabilities over the next five years to further improve the company's robotic agent technology and enhance the versatility and adaptability of the company's products and services. Approximately 30.0% is expected to be used to improve the company's commercialization capabilities both domestically and internationally over the next five years. Approximately 10.0% will be used for working capital and other general corporate purposes.