Core Viewpoint - MSCI announced changes to the MSCI China Index, adding 26 stocks and removing 20, effective after market close on November 24 [1] Group 1: Changes in Index Constituents - Nine new stocks listed in Hong Kong include China Gold International (02099.HK), Zijin Mining International (02259.HK), UBTECH Robotics (09880.HK), Ganfeng Lithium (01772.HK), Dongfeng Motor Group (00489.HK), Crystal International (02228.HK), China Nonferrous Mining (01258.HK), Rongchang Biopharma (09995.HK), and GF Securities (01776.HK) [1] - Four stocks removed from the index include China Everbright Bank (06818.HK), Beijing Enterprises Water Group (00371.HK), AVIC Trust (00696.HK), and China Resources Pharmaceutical (03320.HK) [1] Group 2: Impact on Stock Weights - The adjustment will affect the free float factors of 19 companies and the number of shares for 142 companies, leading to changes in index weightings [1] - New entrants like China Gold International, Zijin Mining International, UBTECH Robotics, and Ganfeng Lithium will see their weights increase, while Tencent (00700.HK), Alibaba-W (09988.HK), Kuaishou-W (01024.HK), and China Everbright Bank will experience the largest declines in weight [2] Group 3: Predicted Fund Flows - Expected inflows for stocks with increased weights include: - China Gold International (02099.HK): +0.129%, inflow of $187 million - Zijin Mining International (02259.HK): +0.12%, inflow of $173 million - UBTECH Robotics (09880.HK): +0.116%, inflow of $167 million - Ganfeng Lithium (01772.HK): +0.093%, inflow of $134 million - Dongfeng Motor Group (00489.HK): +0.092%, inflow of $133.6 million [2] - Expected outflows for stocks with decreased weights include: - Tencent (00700.HK): -0.231%, outflow of $334 million - Alibaba-W (09988.HK): -0.137%, outflow of $198 million - Kuaishou-W (01024.HK): -0.061%, outflow of $88.1 million - China Everbright Bank (06818.HK): -0.047%, outflow of $68.1 million [2][3]

Core Insights - The humanoid robot industry is experiencing rapid advancements and increased competition, with major players like Xiaopeng, ByteDance, and others making significant investments and developments in this field [2][3][28]. Group 1: Industry Developments - Xiaopeng's humanoid robot IRON has gained attention for its realistic walking capabilities, supported by advanced AI technology including three Turing chips, achieving a total computing power of 2250 TOPS [11]. - ByteDance is aggressively entering the humanoid robot market, offering high salaries for experts and planning to invest $12 billion (approximately 85.45 billion RMB) in AI chip development [3][32]. - By mid-2025, global funding in the humanoid robot sector is expected to exceed 14 billion RMB, with Chinese companies accounting for 60% of this funding, totaling 8.4 billion RMB [6]. Group 2: Technological Innovations - The latest humanoid robots are showcasing new skills, such as Unitree H2, which can walk, dance, and perform martial arts, featuring a bionic face and 31 degrees of freedom [12][14]. - Galbot, a humanoid robot working in a smart convenience store, demonstrates strong generalization capabilities with its end-to-end embodied intelligence model, allowing it to adapt to various retail environments [19]. - The G2 robot from Zhiyuan is being utilized in industrial settings, capable of performing precise tasks and navigating factory environments effectively [20][21]. Group 3: Major Players and Investments - Major companies like Tencent, Alibaba, and JD are heavily investing in the humanoid robot space, with Tencent's Robotics X lab focusing on foundational research and practical applications [41][43]. - Xiaomi is building a comprehensive ecosystem for humanoid robots, investing over 20 billion RMB in research and development, and collaborating with various partners to enhance its capabilities [50]. - Baidu is partnering with UBTECH to integrate its large model capabilities into humanoid robots, enhancing their decision-making and task execution abilities [38][40]. Group 4: Future Outlook - The humanoid robot industry is at a pivotal moment, with increased capital investment, pilot projects in factories, and ongoing algorithm improvements, indicating a shift towards a future where robots and humans work collaboratively [55]. - Industry leaders express optimism about the rapid adoption of humanoid robots, with NVIDIA's CEO suggesting that widespread use could occur within a few years [56].

Core Insights - The logistics industry is undergoing a transformation driven by AI and automation, particularly highlighted during the "Double 11" shopping festival, which poses significant challenges for logistics operations [1][2] - The collaboration between Shenzhou Holdings' subsidiary KJ and UQI aims to address the "last 10 meters" of logistics through the integration of humanoid robots and intelligent systems [1][2] Group 1: Industry Challenges - The logistics sector faces labor shortages and operational efficiency bottlenecks, especially during peak periods like "Double 11," where labor demand can increase by 6 to 12 times [2] - Some logistics hubs experience cargo congestion due to insufficient manpower, impacting delivery timelines [2] Group 2: Technological Innovations - The partnership will leverage a "cloud brain + edge brain" dual-core technology architecture, with KJ providing a "smart brain" through its proprietary logistics models and UQI contributing execution capabilities via its robotic systems [2][3] - The goal is to develop humanoid robots capable of performing complex tasks in logistics environments, requiring advanced visual recognition and coordination algorithms [3] Group 3: Collaborative Efforts - The collaboration aims to create a "logistics embodiment intelligence laboratory" to tackle key technologies such as multi-modal cargo recognition and autonomous learning processes [5] - The joint efforts will also focus on establishing open communication protocols for logistics intelligent systems, facilitating collaboration across different brands and types of equipment [5] Group 4: Strategic Importance - This strategic partnership marks a significant milestone in the logistics industry's shift towards intelligent and automated operations, aligning with national economic development plans [6] - The collaboration is expected to contribute to the development of industry standards and promote a technology-driven transformation in logistics, moving from labor-intensive to technology-intensive operations [6]

Group 1 - The commercialization of embodied intelligent robots is accelerating, with significant partnerships and contracts being established in recent months [1][2] - Yujian has partnered with Lens Technology to procure 1,000 embodied intelligent robots by 2025, and has signed a contract worth over 80.5 million yuan with Riedel Precision Technology for the introduction of these robots into the new energy precision manufacturing sector [1] - UBTECH has secured multiple large orders, including nearly 100 million yuan in global humanoid robot orders and a 126 million yuan project for a data collection and testing center [1] Group 2 - Startups are also achieving significant orders, such as Zhi Ping Fang's strategic cooperation with Huike, which involves deploying over 1,000 embodied intelligent robots worth nearly 500 million yuan over three years [2] - Embodied intelligent robots are beginning to find applications in various sectors, including research, service industries, and domestic tasks, indicating a clear potential for growth despite limited household penetration [2][3] - The price of robots is decreasing, with models now available for tens of thousands or even thousands of yuan, changing the perception of high costs in the industry [2] Group 3 - The release of lower-priced humanoid robots, such as the Bumi priced at 9,998 yuan, signifies a shift towards more affordable options in the market [3] - Industry experts suggest that the field of embodied intelligent robots is moving from "technology demonstration" to "scene validation," indicating a clearer path to commercialization [3] - The global robot market is expected to exceed 400 billion USD by 2029, with embodied intelligent robots projected to account for over 30% of the market share [3]

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。 UBTECH ROBOTICS CORP LTD 深 圳 市 優 必 選 科 技 股 份 有 限 公 司 茲 提 述 深 圳 市 優 必 選 科 技 股 份 有 限 公 司（「本公司」）日 期 均 為2025年10月 17日有關本公司2025年 第 五 次 臨 時 股 東 會（「臨時股東會」）的 通 函（「該 通 函」）及 通 告。除 本 公 告 另 有 界 定 者 外，本 公 告 所 用 詞 彙 與 該 通 函 所 界 定 者 具 有 相 同 涵 義。 董 事 會 欣 然 宣 佈，本 公 司 已 於2025年11月3日（星 期 一）於 中 國 深 圳 市 南 山 區學苑大道1001號南山智園C1棟25樓JIMU會議室召開並舉行臨時股東會。 於 臨 時 股 東 會 日 期，已 發 行 股 份 總 數 為471,933,373股 股 份（ ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 1. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 内資股 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 70,665,977 RMB | | | 1 RMB | | 70,665,977 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 70,665,977 RMB | | | 1 RMB | | 70,665,977 | | 2. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- ...

Core Viewpoint - Tianqi Co., Ltd. plans to deploy at least 2,000 embodied intelligent robots within Foxconn's automotive manufacturing system over the next five years as part of a strategic cooperation agreement with Foxconn Automotive [1] Group 1: Strategic Cooperation - The cooperation involves establishing a joint project team to promote the deployment of embodied intelligent robots in specific scenarios [1] - Foxconn Automotive will provide real technical testing environments and application incubation settings for the collaboration [1] Group 2: Key Application Scenarios - Three main application scenarios have been identified: precision operations on production lines, intelligent inspections within factories, and smart services in parks, including unmanned retail and intelligent delivery [1] - In precision operations, the focus will be on developing robots for tasks such as material handling, inter-station transport, high-precision visual sorting, and product packaging [1] Group 3: Partnerships and Contracts - Tianqi Co., Ltd. has established close relationships with robot manufacturers, particularly UBTECH and Galaxy General, both of which have formed joint ventures with Tianqi [2] - A recent contract worth 30 million yuan was signed between UBTECH's subsidiary UQI and Tianqi for humanoid robot procurement [2] Group 4: Industry Trends - Foxconn is actively embracing the introduction of embodied intelligent robots, having established a long-term strategic partnership with UBTECH for applications in smart manufacturing [4] - Foxconn's goal is to deploy humanoid robots in its AI server manufacturing facility in Houston by the first quarter of 2026 [5]

Core Viewpoint - The strategic cooperation between Shenzhou Holdings' subsidiary KJ and UBTECH's subsidiary UQI aims to create an intelligent application ecosystem in the logistics sector, enhancing supply chain efficiency and establishing industry benchmarks [1][2][3] Group 1: Strategic Cooperation Details - KJ and UQI will focus on addressing pain points in the logistics sector, particularly in labor-intensive roles such as unloading, picking, verification, and line feeding, by co-creating unmanned operational scenarios [1][2] - The collaboration will leverage KJ's extensive logistics experience and UQI's advanced technology in embodied intelligence to develop a "cloud brain + edge brain" dual-core technology architecture [1][2] Group 2: Technological Contributions - UQI will contribute its "execution terminal" advantages through its self-developed robot operating system UPilot and core controller ACU, utilizing industrial mobile robots and humanoid robots for comprehensive logistics automation [2] - The partnership will establish a "logistics embodied intelligence laboratory" to tackle key technologies such as multi-modal cargo recognition and autonomous learning processes [2][3] Group 3: Ecosystem Development - The two companies will create an open protocol for logistics intelligent agent communication and scheduling to address coordination challenges among different brands and types of equipment [3] - They will jointly publish an industry white paper to outline technical standards and best practices for the "cloud brain + edge brain" architecture, contributing to national and industry standard formulation [3] Group 4: Industry Impact - This strategic partnership marks a significant milestone in the logistics industry's transition towards automation and intelligence, aligning with the "14th Five-Year Plan" policy guidance [3] - The collaboration aims to transform the logistics sector from labor-intensive to technology-intensive, providing a model for policy implementation and contributing to the digital transformation of global supply chains [3]

Core Insights - The company is focusing on a supply chain-centric strategy, leveraging big data and AI technology to build a business empowerment system [1] - By 2025, the company has successfully established strategic partnerships with 12 core clients and ecosystem partners, reinforcing its supply chain ecosystem layout [1] - The company is enhancing its "Datax AI" strategy, treating high-quality data as a core production factor and using AI as a driving engine for technological integration and business innovation in the supply chain [1] Strategic Partnerships - The company’s subsidiary, Beijing KJ Logistics Co., Ltd. (KJ), signed a strategic cooperation agreement with Wuxi UQI Intelligent Technology Co., Ltd., a subsidiary of UBTECH, on October 29, 2025 [1][2] - The partnership aims to create a fully automated operation system by integrating KJ's logistics business scenarios and UQI's advanced intelligent hardware and software products in the unmanned logistics field [2] - The collaboration seeks to enhance supply chain operational efficiency, accuracy, and flexibility, establishing a new benchmark for "new quality productivity" in the industry [2]

Core Insights - Shenzhou Holdings is focusing on a supply chain-centric strategy, leveraging big data and AI technologies to build a business empowerment system and implementing a "customer + ecosystem" dual-driven strategy [1][2] - The company has successfully established strategic partnerships with 12 core clients and ecosystem partners by 2025, reinforcing its supply chain ecosystem layout [1] - The subsidiary, Beijing KJ Logistics Co., Ltd. (KJ), signed a strategic cooperation agreement with UQI, a subsidiary of UBTECH, to enhance logistics automation through AI and robotics [1][2] Strategic Focus - The company is elevating its "Data x AI" strategy, treating high-quality data as a core production factor and using AI as a driving engine for technological integration and business innovation in the supply chain [1][2] - The collaboration with UQI aims to create a fully automated operational system by integrating data, algorithms, computing power, and robotic hardware, significantly improving supply chain efficiency, accuracy, and flexibility [2] Areas of Collaboration - The partnership will focus on co-developing unmanned logistics operation scenarios and commercial applications in warehousing logistics [2] - It will leverage logistics vertical models and embodied intelligence for smart distribution and edge computing [2] - The companies will establish a logistics intelligent laboratory for joint technology research and explore unmanned warehouse applications overseas [2] - They will also create standards for protocol interoperability in logistics intelligent systems, fostering an open developer platform and building an ecosystem for embodied intelligent applications in logistics [2] Future Outlook - The company plans to further integrate advantageous resources and deepen the implementation of its "Data x AI" strategy, enhancing smart supply chain service capabilities and accelerating AI technology penetration across supply chain segments [2]