UBTECH ROBOTICS (09880) signs a new framework agreement with affiliated Wuxi Youqi and Tianqi Automation Engineering.

UBTECH ROBOTICS (09880) announced that on March 4, 2026, Wuxi Youqi (a subsidiary of the Company according to listing rules) signed a new framework agreement with Tianqi Automation Engineering. Wuxi Youqi Group agreed to provide products and services from Tianqi Automation Engineering Group from March 4, 2026 to December 31, 2028. On March 4, 2026, the Board of Directors recommended that the Company apply for bank credit to ensure the continuity of the Company's bank credit and better support the Company's business expansion. According to the requirements of the loan bank, the Company's bank credit application must be approved by the shareholders. For the financial years ending on December 31, 2026, 2027, and 2028, it is estimated that the maximum purchase price that Tianqi Automation Engineering Group will pay to Wuxi Youqi Group for purchasing products and services will not exceed RMB 250 million, RMB 200 million, and RMB 150 million respectively. As Tianqi Automation Engineering Group is a well-known provider of intelligent equipment automation services, with expertise in automotive intelligent devices and lithium battery recycling, and considering the significant revenue contribution from customers in the automotive and automotive parts industries, the Board believes that continued sales to Tianqi Automation Engineering Group and maintaining business relationships with them can promote the Group's business development and enhance its reputation.