UBTECH ROBOTICS CORP LTD Class H (HK:9880) has released an update.
UBTECH ROBOTICS CORP LTD is embroiled in legal proceedings regarding a patent infringement claim by Shanghai PartnerX Robotics Co., Ltd., seeking damages and halting sales of specific products. The company has contested the validity of the patent with the China National Intellectual Property Administration and is currently consulting legal experts to vigorously defend against the allegations. At this stage, the dispute has not materially impacted the company’s operations or financial performance.
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