DOBOT (02432) plans to issue no more than 48.8839 million A shares.

DOBOT (02432) announced that at the second meeting of the second session of the Board of Directors held on March 13, 2026, it has decided to propose to apply for the initial public offering of A shares and list them in order to optimize the company's capital structure, broaden financing channels, achieve long-term development goals, and enhance the liquidity of all shares held by shareholders. The total number of A shares to be issued shall not exceed 48.8839 million A shares, accounting for approximately 11.11% of the total issued share capital of the Company as of the date of this announcement, and not exceeding approximately 10.00% of the total issued share capital of the Company after the issuance and subsequent expansion of A shares (before the exercise of the over-allotment option). Subject to compliance with relevant laws and regulations and regulatory requirements, assuming no other changes in the issued share capital of the Company, the Company may authorize the underwriters to exercise the over-allotment option, with the over-allotment not exceeding 15% of the number of A shares to be issued under the proposed A share offering (before the exercise of the over-allotment option). The Directors believe that the sale of A shares will optimize the company's capital structure, broaden financing channels, achieve long-term development goals, and enhance the liquidity of all shares held by shareholders. In addition, Mr. Wang Yong has resigned from the position of Company Secretary, but will continue to serve as an executive director, Chief Financial Officer, Deputy General Manager, and one of the Joint Company Secretaries of the Company; and Mr. Ni Yaoqing has been appointed as Company Secretary, effective from March 13, 2026.