UBTECH ROBOTICS CORP LTD Class H (HK:9880) has released an update.
UBTECH Robotics Corp Ltd has entered a Technical Service Agreement through its subsidiary Beijing UBTECH with Miracle Automation Engineering Co., Ltd. to develop software for humanoid robots in automotive production, marking a strategic enhancement of its product applications and core competitiveness. The deal, worth RMB30 million, is considered fair and reasonable by the company’s directors and aligns with the firm’s strategic development plans, benefiting shareholders.
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