UBTECH ROBOTICS CORP LTD — Share Issue/Capital Change 2025

Feb 28, 2025

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)

INSIDE INFORMATION

GRANT OF LISTING APPROVAL BY THE STOCK EXCHANGE FOR THE H SHARE FULL CIRCULATION BY THE COMPANY

This announcement is made by UBTECH ROBOTICS CORP LTD (the "Company") pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

References are made to the announcements of the Company dated September 2, 2024, September 20, 2024, September 30, 2024 and January 27, 2025 (the "Announcements") in relation to the proposed implementation of the H Share Full Circulation of certain domestic shares of the Company. Unless otherwise defined, capitalized terms used herein shall have the same meanings as those defined in the Announcements.

LISTING APPROVAL GRANTED BY THE STOCK EXCHANGE

The Company has applied to the Stock Exchange for the approval (the "Listing Approval") of the listing of and the permission to deal in 42,173,987 H Shares (the "Converted H Shares"), representing the total number of domestic shares of the Company to be converted under the Conversion and Listing. The Board is pleased to announce that the Listing Approval was granted by the Stock Exchange on February 28, 2025.

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SHARE CAPITAL UPON COMPLETION OF THE CONVERSION AND LISTING

The Conversion and Listing will involve a total of 17 Participating Shareholders holding an aggregate of 42,173,987 domestic shares of the Company, which represents approximately 9.55% of the total share capital of the Company upon completion of the Conversion and Listing, details of which are set out below:

No.	Participating Shareholder	Number of Converted H Shares	Approximate percentage of the Company’s total share capital upon completion of the Conversion and Listing (%) (Note)
1	Hangzhou Youzhi Enterprise Management Service Partnership (Limited Partnership)*
(杭州優知企業管理服務合夥企業(有限合夥))	14,198,883	3.21
2	Xia Zuoquan	6,888,800	1.56
3	Shenzhen Evolution Investment Partnership (Limited Partnership)*
(深圳市進化論投資合夥企業(有限合夥))	2,174,000	0.49
4	Puyang Financial Holding Co., Ltd*
(濮陽市金融控股有限公司)	2,045,259	0.46
5	Shanghai Ding Hui Jia Ling Investment Center (Limited Partnership)* (上海鼎輝嘉瓴投資中心(有限合夥))	2,040,160	0.46
6	Xiong Youjun	1,930,000	0.44
7	Xiamen Jin Yuan Investment Group Co., Ltd.*
(廈門金圓投資集團有限公司)	1,267,748	0.29
8	Xiamen Siming District Industrial Investment Co., Ltd*
(廈門市思明區產業投資有限公司)	1,267,748	0.29
9	Puyang Yuzi Investment Development Co., Ltd*
(濮陽市豫資投資發展有限公司)	890,588	0.20
10	Zhou Jing	660,000	0.15
11	Beijing SINOIF Financial Services Outsourcing Company Limited*
(北京中金匯理金融服務外包有限公司)	631,879	0.14

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No.	Participating Shareholder	Number of Converted H Shares	Approximate percentage of the Company’s total share capital upon completion of the Conversion and Listing (%) (Note)
12	Gongqingcheng Yachang Jiake Investment Management Partnership (Limited Partnership)*
(共青城亞昌嘉科投資管理合夥企業(有限合夥))	405,686	0.09
13	Jinan Changqing Shengxin Equity Investment Management Center (Limited Partnership)*
(濟南常青盛欣股權投資管理中心(有限合夥))	352,112	0.08
14	Gongqingcheng Jialu Investment Management Partnership (Limited Partnership)*
(共青城嘉麗投資管理合夥企業(有限合夥))	253,551	0.06
15	Hangzhou Huaxia Kefa Equity Investment Partnership (Limited Partnership)*
(杭州華夏科發股權投資合夥企業(有限合夥))	194,957	0.04
16	Jiujiang Youxuan Zhihui Chanye Investment Development Center (Limited Partnership)*
(九江市優選智慧產業投資發展中心(有限合夥))	6,338,742	1.43
17	Yangzhou Longtou Chuanghai No. 1 Chanye Funds Partnership (Limited Partnership)*
(揚州龍投創海壹號產業基金合夥企業(有限合夥))	633,874	0.14
Total:		42,173,987	9.55

Note: The percentage figures shown in the above table have been rounded to two decimal places. Any discrepancies in between the total and sums of amounts listed therein are due to rounding.

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The share capital structure of the Company immediately before and upon completion of the Conversion and Listing is set out below:

Class of Shares	As at the date of this announcement		Upon completion of the Conversion and Listing
	Number of Shares	Approximate percentage (%)	Number of Shares	Approximate percentage (%)
Domestic Shares	112,839,964	25.54	70,665,977	16.00
H Shares	328,937,959	74.46	371,111,946	84.00
Total	441,777,923	100.00	441,777,923	100.00

The Company shall complete the relevant conversion and trading procedures in respect of the Converted H Shares and will make further announcement(s) on the progress of the Conversion and Listing in accordance with the Inside Information Provisions and/or the requirements of the Listing Rules.

Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.

By order of the Board

UBTECH ROBOTICS CORP LTD

Jian ZHOU

Chairman, Executive Director and Chief Executive Officer

Shenzhen, February 28, 2025

As at the date of this announcement, the Board comprises (i) Mr. Zhou Jian, Mr. Xiong Youjun, Ms. Wang Lin and Mr. Liu Ming as executive directors; (ii) Mr. Xia Zuoquan, Mr. Zhou Zhifeng and Mr. Chen Qiang as non-executive directors; and (iii) Mr. Zhao Jie, Mr. Xiong Chuxiong, Mr. Poon Fuk Chuen and Mr. Leung Wai Man, Roger as independent non-executive directors.

• For identification purposes only