UBTECH ROBOTICS CORP LTD Announces Major Acquisition Proposal and Upcoming Extraordinary General Meeting
Key Highlights for Investors
- Extraordinary General Meeting (EGM) Scheduled: UBTECH ROBOTICS CORP LTD (“UBTECH” or “the Company”) will hold its 2026 First Extraordinary General Meeting at 4:00 p.m. on Tuesday, March 10, 2026, at the JIMU Conference Room, 25/F, Building C1, Nanshan Smart Park, Shenzhen, PRC.
- Significant Acquisition Proposal: The EGM will seek shareholder approval for a resolution regarding the acquisition of a minimum 43% equity interest in Zhejiang Fenglong Electric Co., Ltd. This will be conducted via a share transfer and partial offer.
- Share Transfer Agreement Details: The agreement was signed on December 24, 2025, between UBTECH and several parties, including Zhejiang Chengfeng Investment Co., Ltd., Mr. Dong Jiangang, Ms. Li Caixia, and Ningbo Fengchi Investment Co., Ltd.
- Authorization for Execution and Modification: The Board is seeking authorization for any director or authorized person to execute, modify, or amend the terms of the Share Transfer Agreement as needed to complete the transaction.
Potentially Price-Sensitive Information
- Strategic Expansion: The acquisition of a significant stake in Zhejiang Fenglong Electric Co., Ltd. is a material event. Such M&A activity could signal UBTECH’s intention to expand its business scope, diversify its revenue sources, or acquire new technologies, which are factors that may materially impact the Company’s valuation and share price.
- Voting and Shareholder Impact: Shareholders are being asked to approve and ratify the transaction, including granting broad powers to directors to finalize and amend the deal. This could mean the final terms may be adjusted based on negotiations or due diligence, adding a degree of uncertainty and potential upside or downside risk.
Important Information for Shareholders
- Eligibility to Attend and Vote: The register of members will be closed from March 5, 2026, to March 10, 2026 (both days inclusive). Only shareholders whose names appear on the register by March 10, 2026, are eligible to attend and vote at the EGM. Share transfer documents must be submitted by 4:30 p.m. on March 4, 2026.
- Proxy Arrangements: Shareholders may appoint one or more proxies to attend and vote on their behalf. Proxy forms and supporting documents must be submitted at least 24 hours before the EGM (by 4:00 p.m. on March 9, 2026).
- Poll Voting: All resolutions at the EGM will be voted on by poll in compliance with the Listing Rules. Results will be published on the websites of the Stock Exchange and UBTECH.
- Logistics: Attendees are responsible for their own transportation and accommodation.
- Board Composition: The notice lists the current members of the Board, indicating a mix of executive, non-executive, and independent non-executive directors, which may assure shareholders of good governance standards.
Detailed Transaction Overview
The proposed acquisition is structured via a share transfer agreement that allows UBTECH to acquire not less than 43% equity in Zhejiang Fenglong Electric Co., Ltd. The transaction involves several counterparties and is expected to be executed in a manner that grants the Board significant flexibility to negotiate and adjust the agreement as necessary. This latitude is crucial as it allows the Company to respond to due diligence findings or market conditions, but also means the final terms could differ from those currently disclosed.
Implications for Shareholders and the Market
- Strategic Implications: If completed, this deal could enhance UBTECH’s capabilities, expand its market reach, or add new product lines. Such developments are typically viewed positively by the market and may result in share price appreciation, depending on the purchase price, synergies, and integration strategy.
- Risks: The transaction is subject to shareholder approval and final negotiation. Any changes in the terms, or failure to complete the acquisition, could lead to share price volatility.
Next Steps
- Shareholders are strongly encouraged to review the EGM circular dated February 16, 2026, for further details on the proposed resolution.
- Shareholders should ensure their eligibility to vote and consider the strategic rationale and risks of the proposed acquisition before casting their vote.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should exercise their own judgment and consult with professional advisors before making investment decisions. The completion and terms of the acquisition are subject to shareholder approval and may be amended or terminated, which could impact the Company’s share price.
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