UBTECH ROBOTICS CORP LTD — M&A Activity 2026

May 27, 2026

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

UBTECH

UBTECH ROBOTICS CORP LTD

深圳市優必選科技股份有限公司

(A joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 9880)

UPDATE ON MAJOR TRANSACTION IN RELATION TO THE ACQUISITION OF 29.99% EQUITY INTEREST IN THE TARGET COMPANY LISTED ON THE SHENZHEN STOCK EXCHANGE AND PARTIAL OFFER TO ACQUIRE 13.02% EQUITY INTEREST IN THE TARGET COMPANY

References are made to the circular (the "Circular") of UBTECH ROBOTICS CORP LTD (the "Company") dated February 16, 2026 and the announcements of the Company dated December 24, 2025, March 10, 2026, March 12, 2026 and April 24, 2026 in relation to the acquisition of 29.99% equity interest in the Target Company and Partial Offer to acquire 13.02% equity interest in the Target Company. Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as those defined in the Circular.

The Company is pleased to announce that the Company and the Vendors have recently entered into a supplemental agreement to the Share Transfer Agreement (the "Supplemental Agreement") to amend the reconstitution of the board of directors of the Target Company from seven directors to eight directors, of which the Company shall have the right to nominate seven directors.

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Save for the amendments disclosed above, there is no material change to the other terms of the Share Transfer Agreement and they shall remain effective.

By order of the Board
UBTECH ROBOTICS CORP LTD
Jian ZHOU
Chairman, Executive Director and Chief Executive Officer

Shenzhen, the PRC, May 27, 2026

As at the date of this announcement, the Board comprises (i) Mr. Zhou Jian, Mr. Liu Ming, Mr. Deng Feng and Dr. Xiong Youjun as executive directors; (ii) Mr. Xia Zuoquan, Mr. Zhou Zhifeng and Mr. Lu Kuan as non-executive directors; and (iii) Dr. He Jia, Dr. Yao Xin, Dr. Dong Xiuqin and Dr. Xiong Hui as independent non-executive directors.

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