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UBTECH Robotics Secures Share Stability with Director’s Lock-Up Agreement

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UBTECH ROBOTICS CORP LTD Class H ( (HK:9880) ) has provided an update.

UBTECH Robotics Corp Ltd announced that Mr. Xia Zuoquan, a non-executive director and significant shareholder, has voluntarily agreed not to sell his shares in the company for a period of 12 months starting January 16, 2025. This decision is not expected to have any material adverse impact on the company’s operations, and the board of directors will provide updates to shareholders and potential investors as necessary.

More about UBTECH ROBOTICS CORP LTD Class H

UBTECH Robotics Corp Ltd is a joint stock company based in the People’s Republic of China, specializing in the robotics industry. It is listed on the Stock Exchange of Hong Kong and focuses on developing and manufacturing a range of robotic products.

YTD Price Performance: -13.38%

Average Trading Volume: 4,422,238

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: HK$20.55B

See more data about 9880 stock on TipRanks’ Stock Analysis page.

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