UBTECH ROBOTICS (09880): Directors, supervisors, and senior management collectively purchased the company's H shares.

date
02/04/2025
avatar
GMT Eight
UBTECH ROBOTICS (09880) announced that on April 2, 2025, the board of directors learned that the executive directors, Mr. Zhou Jian, Mr. Xiong Youjun, and Ms. Wang Lin; supervisory board members, Mr. Deng Feng and Ms. Wang Xingru; and senior management, Mr. Zhou Jian, Mr. Xiong Youjun, and Mr. Zhang Ju, purchased H-shares on the open market with their own funds on April 1, 2025. According to the directors, supervisors, and senior management, they have confidence in the company's business development and prospects, believing that the current H-share price does not reflect the group's value and they fully recognize the long-term value of the group. Subject to applicable legal and regulatory requirements, they may further increase their holdings in the company at an appropriate time. It is expected that the total amount of H-shares purchased within 12 months following this announcement will not exceed 50 million RMB. According to available information and as far as the board of directors is aware, the company has maintained sufficient public shareholding and complied with relevant listing rules after the share purchase.

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