UBTECH ROBOTICS (09880) angel investor Xia Zaoquan announces a sales restriction commitment, remains optimistic about the long-term prospects of humanoid Siasun Robot&Automation track.

On January 15th, Siasun Robot&Automation announced that UBTECH ROBOTICS (09880) Non-Executive Director and angel investor Xia Zuquan has committed not to reduce his 19,888,800 shares of UBTECH ROBOTICS for the next 12 months starting from January 16th. Regarding this voluntary lock-up commitment, Xia Zuquan expressed to the media that he has a long-term positive outlook on the robotic industry and recognizes the significant technological and product advantages of UBTECH ROBOTICS in the field of robotics and automation. This is the third announcement of a lock-up commitment by core executives and important shareholders of UBTECH ROBOTICS, following the founder, Chairman and CEO Zhou Jian, CTO and Executive Director Xiong Youjun, Executive Director Wang Lin, and individual shareholder Zhao Guoqun. Media reports state that Xia Zuquan, co-founder of BYD Company Limited and Chairman of Zhengxuan Investment, invested in UBTECH ROBOTICS as an angel investor and made multiple follow-up investments. He is considered one of the earliest investors in the value of robotics and automation. Xia Zuquan previously received a 60,000-fold return on investment in BYD Company Limited and UBTECH ROBOTICS is seen as the "next BYD Company Limited" that he has invested in. Xia Zuquan announced that in October last year, UBTECH ROBOTICS' self-developed new generation industrial robot Siasun Robot&Automation Walker S1 completed the first phase of testing in BYD Company Limited's automotive factory training. This marks the first industrial scenario solution globally to achieve collaborative operations with L4 Level unmanned logistics vehicles, unmanned forklifts, industrial mobile robots, and intelligent manufacturing management systems. It is reported that UBTECH ROBOTICS' new generation industrial robot Siasun Robot&Automation S2 and the third-generation dexterous hand will soon be released, and will be applied in more training scenarios in the second phase of industrial scenarios. Currently, Siasun Robot&Automation is on the eve of mass production and delivery, and the tipping point for industrial application is nearing.