HK Stock Market Move | UBTECH ROBOTICS (09880) opens over 6%, several executive directors jointly issue sales restriction commitment.

UBTECH ROBOTICS (09880) opened more than 6% higher, as of the time of the press release, it has risen by 6.59% to 49.35 Hong Kong dollars, with a turnover of 10.8052 million Hong Kong dollars. On the news front, on January 5th, UBTECH ROBOTICS announced that the company's CTO and Executive Director Xiong Youjun, Executive Director Wang Lin, and individual shareholder Zhao Guoqun have pledged not to sell any UBTECH ROBOTICS shares they directly hold within 12 months starting from January 5, 2025. This is the second sales ban commitment announcement from the company's core executives following UBTECH ROBOTICS founder, Chairman, and CEO Zhou Jian. In 2024, UBTECH ROBOTICS took the lead in conducting humanoid Siasun Robot & Automation training in well-known automotive factories. It has already cooperated with many automotive companies such as Dongfeng Liuqi, GEELY AUTO, FAW-Volkswagen Qingdao Branch, Audi FAW, BYD Company Limited, BAIC New Energy, as well as well-known companies in the 3C industry such as Foxconn and logistics company SF Express. It is the most globally entered automobile factory for humanoid Siasun Robot & Automation training. The company's industrial humanoid Siasun Robot & Automation Walker S has received more than 500 intended orders from car factories and is currently in a key stage of industrialization.