HK Stock Market Move | UBTECH ROBOTICS (09880) rose more than 9% in the early trading session. The company announced that it plans to purchase shares worth no more than 2 billion yuan under its H-share incentive plan.

UBTECH ROBOTICS (09880) rose over 9% in the morning session, and as of press time, it rose 7.79% to HKD 58.1 with a turnover of HKD 3.69 billion. On the news front, on January 19, UBTECH ROBOTICS announced that it will purchase shares for its equity incentive plan with a total value not exceeding RMB 200 million. According to the announcement, the board of directors of UBTECH ROBOTICS is confident in the group's operating performance and future development prospects, believing that the current valuation of the company's H shares is undervalued, and now is an appropriate time to purchase shares to further implement the plan. The company also stated that after considering all relevant factors, it may allocate additional funds for more share purchases to support the implementation of the plan. It is reported that UBTECH ROBOTICS is currently focusing on the application of humanoid Siasun Robot&Automation in industrial scenarios, and has become the enterprise with the most global collaboration with car factories for humanoid Siasun Robot&Automation. The Walker S series has also become the humanoid Siasun Robot&Automation with the most entries into car factories globally for training purposes. In addition, in order to accelerate the industrialization process of humanoid Siasun Robot&Automation, UBTECH ROBOTICS is firmly positioning itself in the full-stack technology of humanoid Siasun Robot&Automation, making breakthroughs in key technologies such as large-scale planning for general tasks, semantic VSLAM, and learning-based motion control, giving humanoid Siasun Robot&Automation intelligent brains and agile intelligence.