UBTECH ROBOTICS CORP LTD Class H (HK:9880) has released an update.
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UBTECH Robotics Corp Ltd has successfully invalidated a patent held by Shanghai PartnerX Robotics Co., Ltd., which was involved in ongoing legal proceedings. The China National Intellectual Property Administration’s decision is not expected to materially affect UBTECH’s business or financial performance. Shareholders and potential investors are urged to remain cautious when dealing with the company’s securities.
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