深圳市越疆科技股份有限公司 H股股份激勵計劃 – 1 – 第一章 釋 義 1.1. 除非文義另有所指，下列詞語或簡稱具有如下含義： | 名稱 | | 釋義 | | --- | --- | --- | | 實際售價 | 指 | 根據本計劃第7.7條受託人就獎勵股份的歸 | | | | 屬 出 售 對 應 的 相 關 目 標 股 份，根 據 指 令 向 | | | | 激勵對象就其獲歸屬的獎勵股份進行分配 | | | | 所應付的現金價值（扣 除 經 紀 佣 金、聯 交 所 | | | | 交易費、證監會交易徵費、會計及財務匯報 | | | | 局交易徵費、印花稅及任何其他適用費用後） | | 採納日期 | 指 | 即本計劃於股東會上獲批准的日期 | | 公司章程 | 指 | 《深圳市越疆科技股份有限公司章程》（經不 | | | | 時修訂） | | 獎勵 | 指 | 董事會及╱或其授權人士根據本計劃對激 | | | | 勵 對 象 的 獎 勵，根 據 本 計 劃 條 款 約 定 通 過 | | | | 獎勵股份或現金支付獎勵股份的實際售價 | | | | 形式實現歸屬 | | 獎勵股份 | 指 | 對激勵對象獎 ...

深圳市越疆科技股份有限公司 H股購股權計劃 – 1 – 第一章 釋 義 1.1 除非文義另有所指，下列詞語或簡稱具有如下含義： | 名稱 | | 釋義 | | --- | --- | --- | | 採納日期 | 指 | 即本計劃於股東會上獲批准的日期 | | 核數師 | 指 | 本公司不時之核數師 | | 董事會 | 指 | 公司董事會 | | 營業日 | 指 | 聯交所開市進行證券買賣業務的日子 | | 公司章程 | 指 | 本公司不時生效之公司章程 | | 最高行政人員 | 指 | 具有上市規則所賦予該詞之涵義 | | 聯繫人 | 指 | 具有上市規則所賦予該詞之涵義 | | 緊密聯繫人 | 指 | 具有上市規則所賦予該詞之涵義 | | 公司╱本公司 | 指 | 深 圳 市 越 疆 科 技 股 份 有 限 公 司，於2015年7 | | | | 月30日根據中國法律以深圳市越疆科技有 限 公 司 的 名 義 註 冊 成 立 為 有 限 責 任 公 司， | | | | 並 於2022年12月28日根據中國法律轉制為 股份有限公司，其H股在聯交所主板上市（股 | | | | 份代號：02432） | | ...

SHENZHEN DOBOT CORP LTD 深圳市越疆科技股份有限公司 地址為 為本人╱吾等的受委代表，代表本人╱吾等出席本公司謹訂於2025年10月9日（星期四）上 午10時正在中國深 圳市南山區桃源街道福光社區留仙大道3370號南山智園崇文園區2號 樓24層會議室舉行的2025年第二次臨 時股東會（「臨時股東會」）及其任何續會，以考慮及酌情通過載於臨時股東會通告的決議案，並依照下列指 示代表本人╱吾等並以本人╱吾等名義就決議案投票，如無作出指示，則由本人╱吾等的代表自行酌情投票。 除 非 另 有 說 明，否 則 本 代 表 委 任 表 格 所 用 詞 彙 與 本 公 司 日 期 為2025年9月15日的通函（「通 函」）所界定者具 有相同涵義。 | | 特別決議案 | （附註5） 贊 成 | （附註5） 反 對 | （附註5） 棄 權 | | --- | --- | --- | --- | --- | | 1. | 審議及酌情通過（不論有否修訂）建議採納H股 購 股權計劃。 | | | | | 2. | 審議及酌情通過（不論有否修訂）建議授權董事會 及╱或授權人士辦理H股購股權計劃相關事宜。 | | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本通告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 通 告 全 部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 SHENZHEN DOBOT CORP LTD 深圳市越疆科技股份有限公司 計 劃（「股份計劃」）項 下 可 能 授 出 的 獎 勵 及╱或 購 股 權 而 可 能 發 行 及 配 發 的 股 份 上 市 及 買 賣 並 在 其 規 限 下，批 准 及 採 納 股 份 計 劃； 於 臨 時 股 東 會 上 提 呈 的 上 述 決 議 案 的 詳 情 載 於 通 函，可 於 香 港 聯 交 所 網 站 （www.hkexnews.hk）及本公司網站（www.dobot.cn（中 文 版）及www.dobot-robots.com （英 文 版））查 閱。 承董事會命 （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：2432） 臨時股東會通告 茲通告 深圳市越疆科技股份有限公司（「本公司」）將 於202 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 SHENZHEN DOBOT CORP LTD 深圳市越疆科技股份有限公司 （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：2432） 建議採納H股購股權計劃及 建議採納H股股份激勵計劃 建議採納H股購股權計劃 深圳市越疆科技股份有限公司（「本公司」，與 其 附 屬 公 司 合 稱「本集團」）董事會 （「董事會」）欣 然 宣 佈，於2025年9月15日，董 事 會 已 議 決 建 議 採 納 本 公 司H股 購 股權計劃（「H股購股權計劃」）。 H股購股權計劃旨在(i)透過向合資格參與者（定 義 見H股 購 股 權 計 劃）授出購股 權 作 為 彼 等 對 本 集 團 增 長 及 發 展 所 作 貢 獻 的 激 勵 或 獎 勵，以 嘉 許 及 表 揚 合 資 格 參 與 者 的 貢 獻，並 提 供 ...

此乃要件 請即處理 閣下如 對 本 通 函 任 何 方 面 或 應 採 取 的 行 動 有 任 何 疑 問，應 諮 詢 閣 下 的 股 票 經 紀 或其他持牌證券交易商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已售出或轉讓 名下全部 深圳市越疆科技股份有限公司 股 份，應 立 即 將 本 通函連同代表委任表格送交買方或承讓人，或送交經手買賣或轉讓的銀行、股票 經紀或其他代理人，以便轉交買方或承讓人。 香港交易及結算所有限公司及香港聯合交易所有限公司對本通函的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本通函全部或 任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 SHENZHEN DOBOT CORP LTD 深圳市越疆科技股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2432） (1)建議採納H股購股權計劃； (2)建議採納H股股份激勵計劃； (3)建議授權董事會 及╱或授權人士辦理 H股購股權計劃相關事宜； (4)建議授權董事會 及╱或授權人士辦理 H股股份激勵計劃相關事宜； 及 (5)臨時股東會通告 本 通 函 所 用 詞 彙 ...

Group 1 - The majority of robotics concept stocks have risen, with notable increases in companies such as UBTECH (up 5.1% to HKD 115.3), Shou Cheng Holdings (up 3.45% to HKD 2.4), and others [1] - The Ministry of Industry and Information Technology and the Ministry of Civil Affairs have announced a pilot project for intelligent elderly care service robots, focusing on ten application scenarios including emotional companionship and rehabilitation support, involving 32 projects [1] - Elon Musk stated at the All-In Tech Summit that the Optimus 3 humanoid robot will have near-human hand dexterity, with an estimated cost of around USD 20,000 (approximately RMB 142,400), emphasizing its potential historical impact [1] Group 2 - Recent domestic and international industrial catalysts have led to an increase in entrants in the robotics sector, with companies like Huawei, ByteDance, BYD, Xiaomi, and others ramping up investments in embodied intelligence [2] - The emergence of AI companies like DeepSeek is driving the development of general-purpose robotic models, facilitating the realization of embodied intelligence in humanoid robots [2] - The humanoid robot industry is entering a phase of diverse competition, with commercial applications in industrial settings becoming a high-certainty trend both domestically and internationally [2]

Group 1 - The majority of robotics concept stocks have risen, with notable increases in companies such as UBTECH (up 5.1% to HKD 115.3), Shou Cheng Holdings (up 3.45% to HKD 2.4), and others [1] - The Ministry of Industry and Information Technology and the Ministry of Civil Affairs have announced a pilot project for intelligent elderly care service robots, focusing on ten application scenarios including emotional companionship and rehabilitation support, involving 32 projects [1] - Elon Musk stated at the All-In Tech Summit that the Optimus 3 humanoid robot will have near-human dexterity, with an estimated cost of around USD 20,000 (approximately RMB 142,400), emphasizing its potential historical impact [1] Group 2 - Recent domestic and international industrial catalysts have led to an increase in entrants in the industry, with major companies like Huawei, ByteDance, BYD, Xiaomi, and others intensifying their focus on embodied intelligence [2] - The emergence of companies like DeepSeek in artificial intelligence is driving the development of general-purpose robotic models, facilitating the realization of embodied intelligence in humanoid robots [2] - The humanoid robot industry is entering a phase of diversification and competition, with commercial applications in industrial settings becoming a clear trend both domestically and internationally [2]

Core Insights - The company achieved significant revenue growth of 27.1% year-on-year in H1 2025, reaching RMB 153 million, while net losses narrowed to RMB 41 million from RMB 60 million in the same period last year [1] - The growth was primarily driven by a substantial increase in revenue from six-axis collaborative robots, which accounted for 61.2% of total revenue [1] - The company has made key advancements in embodied intelligence, with the humanoid robot DOBOT Atom set to begin global mass production in June 2025 [1] Revenue and Profitability - The gross margin for H1 2025 was 47.0%, an increase of 3.1 percentage points year-on-year, while the adjusted gross margin remained stable at 49.4% [2] - The net loss margin improved to 26.7% from 49.7% in the previous year, indicating better operational efficiency [2] - Total operating expenses decreased to 99.4% from 109.3% year-on-year, with significant reductions in management expenses due to the absence of listing costs [2] Research and Development - R&D expenditure increased by 30.3% year-on-year to RMB 41 million, reflecting the company's commitment to advancing key technologies, particularly in humanoid robotics [2] - Sales expenses also rose by 31.5%, aimed at enhancing global sales channel expansion [2] Strategic Partnerships - The company signed a strategic cooperation agreement with Yaoshi Bang on June 3, 2025, to explore smart solutions in the pharmaceutical industry, integrating robotics technology with pharmaceutical applications [2] Future Outlook - Revenue forecasts for the company are projected at RMB 500 million, RMB 670 million, and RMB 900 million for 2025-2027, with current market valuations corresponding to price-to-sales ratios of 40, 30, and 23 times respectively [3]

Core Insights - The mechanical arm is a key component of robotic technology and industrial intelligence, integrating multiple disciplines to assist or replace human labor in high-precision, repetitive, or hazardous tasks [1][2] - China's mechanical arm market is projected to reach 19.34 billion yuan in 2024, driven by technological innovations and expanding applications across various sectors [1][12] - The industry is characterized by a competitive landscape where international brands maintain high-end market dominance while local companies accelerate their rise through cost-effectiveness and customization [1][12][16] Industry Overview - The mechanical arm, also known as a robotic arm, is an electromechanical device that mimics human arm functions, capable of performing various industrial tasks and intelligent operations [2][3] - The mechanical arm consists of five subsystems: drive system, mechanical structure, perception system, control system, and interaction system, which work together to execute complex tasks [3][4] Development Policies - Recent policies in China, such as the "14th Five-Year Plan for Robot Industry Development," aim to enhance the robot density in manufacturing by 2025 and promote the application of mechanical arms in over 20 key sectors [6][7] - A series of supportive policies have created a comprehensive ecosystem for the mechanical arm industry, facilitating technological research, scene validation, and large-scale commercialization [6][7] Industry Chain - The mechanical arm industry chain in China is tightly integrated, with upstream focusing on core components and materials, midstream on manufacturing and system integration, and downstream on applications in various sectors [8][9] - The domestic production rate of key components like harmonic reducers and servo systems has significantly increased, although some high-end components still rely on imports [8][9] Current Market Analysis - The mechanical arm market in China is expected to grow steadily, with a projected market size of 20.89 billion yuan by 2025, reflecting a compound annual growth rate (CAGR) [12][16] - The demand for mechanical arms is expanding into new sectors such as healthcare and agriculture, driven by automation needs and technological advancements [12][15] Competitive Landscape - The competitive structure of the mechanical arm industry features a triad of local companies rapidly gaining ground, international giants maintaining high-end market positions, and differentiated competition in niche segments [12][16] - Local companies like Estun and Huichuan Technology are leveraging cost advantages and rapid iteration to replace imports in various applications [12][16] Future Trends - The mechanical arm industry is expected to evolve towards deeper integration of intelligence, flexibility, and ecosystem development, with AI and multi-modal perception technologies driving this transformation [13][14] - Applications are set to expand beyond traditional industrial uses into healthcare, agriculture, and extreme environments, creating new market opportunities [15][16] - The industry is likely to see increased collaboration across the supply chain, with a focus on domestic production and global market expansion, aiming for over 30% of the global market share by 2030 [16]