UBTECH ROBOTICS (09880) plans to purchase shares of up to 200 million yuan as part of its H-share incentive plan.

UBTECH ROBOTICS (09880) announced that the company has appointed Yunnan International Trust Co., Ltd. as the trustee to manage the H-share incentive plan. The trustee will use the funds injected into the trust by the company, including its own funds, to purchase H-shares through the secondary market at the current market price in order to achieve the objectives of granting rewards under the plan. On the other hand, the board of directors is confident in the group's operating performance and future prospects, believing that the current valuation of H-shares is low, and now is the appropriate time to further implement the plan by purchasing shares. The company expects to purchase shares at a total cost not exceeding RMB 200 million. After considering all relevant factors, including the current market conditions, the company may allocate additional funds for more share purchases in the future to support the implementation of the plan.