HK Stock Market Move | UBTECH ROBOTICS (09880) rose nearly 5%, core executives promise not to reduce holdings in the next year, the company's humanoid Siasun Robot & Automation applications are accelerating.

UBTECH ROBOTICS (09880) rose nearly 5%, as of the time of publication, it rose by 4.82% to HK$44.6, with a turnover of HK$84.016 million. On the news front, recently, there were reports in the market about the core management of UBTECH ROBOTICS reducing their holdings after the lock-up commitment. In response, UBTECH ROBOTICS stated that the core executives Zhou Jian, Xiong Youjun, and Wang Lin have never sold any of their directly held shares since the company went public. According to the lock-up commitment, the three individuals will not sell any shares in the upcoming year, demonstrating their confidence in the company's development. On January 5th, the CTO and executive director Xiong Youjun, executive director Wang Lin, and individual shareholder Zhao Guoqun pledged not to sell any of their directly held UBTECH ROBOTICS shares for the next 12 months starting from January 5, 2025. UBTECH ROBOTICS officials previously stated that the industrial humanoid Siasun Robot&Automation has completed the first phase of training at a car factory. In 2024, UBTECH ROBOTICS took the lead in conducting humanoid Siasun Robot&Automation training at well-known automobile factories, collaborating with several car manufacturers such as Dongfeng Liuzhou Motors, GEELY AUTO, FAW-Volkswagen Qingdao Branch, Audi FAW, BYD Company Limited, BAIC New Energy, as well as 3C enterprises including Foxconn and logistics companies such as SF Express. It is the company with the highest number of humanoid Siasun Robot&Automation training programs in various car factories globally.