UBTECH ROBOTICS CORP LTD Class H (HK:9880) has released an update.
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UBTECH Robotics Corp Ltd has announced revisions to the annual caps of its existing framework agreement due to increased market demand for its AI and robotic products and services. The company anticipates higher demand from the MAE Group and has also entered into a procurement framework agreement with Changjiang MAE, setting transaction limits of RMB50 million for 2024 and RMB20 million for 2025. These developments reflect UBTECH’s strategic positioning in the growing AI and robotics market in China.
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