The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of Zhejiang IPLUSMOBOT Technology Co., Ltd. 浙江迦智科技股份有限公司 (the "Company") (A joint stock company incorporated in the Pe ...

Core Insights - Teradyne (TER) is experiencing growth in its Robotics division due to the increasing integration of AI, with AI-related products accounting for over 8% of robotics sales in Q3 2025, up from 6% in Q2 2025 [1][10] Robotics Division Performance - The company is positioning its Universal Robots (UR) cobots as the preferred platform for AI-driven work cell applications and is enhancing its Autonomous Mobile Robots (AMRs) with advanced AI features [2] - Service revenue within the Robotics division is also growing, reaching 14% of robotics sales in Q3 2025, an increase from 12% in Q2 2025, indicating a commitment to expanding revenue streams [3][10] - Robotics is identified as a key growth area for Teradyne, with expectations for continued growth, albeit slowly, as the company recovers from a low point in Q1 2025, and anticipates a seasonal increase in Q4 2025 due to higher demand for automation solutions [4] Competitive Landscape - Teradyne faces significant competition from companies like ABB and Advantest, both of which are expanding their presence in the AI sector [5] - ABB has made notable investments, such as in OctaiPipe, focusing on AI-driven cooling optimization software that can reduce data center cooling energy use by up to 30% [6] - Advantest has introduced the M5241 Memory Handler, a high-speed solution designed for AI and high-performance memory testing, with shipments expected in Q2 2026 [7] Stock Performance and Valuation - Teradyne's shares have increased by 150.3% over the past six months, significantly outperforming the Zacks Computer & Technology sector's growth of 18.8% and the Zacks Electronics - Miscellaneous Products increase of 25.8% [8] - The stock is currently trading at a forward 12-month Price/Sales ratio of 9.62X, higher than the industry average of 6.95X, indicating a premium valuation [12] - The Zacks Consensus Estimate for fiscal 2025 earnings is $3.51 per share, suggesting a year-over-year growth of 9.01% [14]

Summary of Beijing Geekplus Technology Co., Ltd. Conference Call Company Overview - **Company**: Beijing Geekplus Technology Co., Ltd. (Ticker: 2590.HK) - **Industry**: China Industrials - **Market Cap**: Rmb29,543.1 million - **Current Share Price**: HK$24.34 (as of December 10, 2025) - **Price Target**: HK$37.00 - **52-Week Range**: HK$33.90 - HK$16.06 - **Shares Outstanding**: 1,337 million Key Highlights from the Conference Call Industry and Market Performance - The U.S. market order growth for Geekplus accelerated to approximately 60% year-over-year year-to-date, compared to an overall growth of about 30% [1][2] - Global market share increased to around 10% from 9% in 2024 [1] Efficiency Gains from AMR Solutions - A warehouse visit to YesAsia revealed the deployment of 161 Geekplus autonomous mobile robots (AMRs) in a 140,000 sqft facility [1] - The AMR solution has a payback period of less than two years, with annual maintenance costs at 6-7% of initial capital expenditure [7] - The deployment of AMRs reduces labor requirements for storage picking operations by approximately 40%, with a replacement ratio of about 3 robots for every 1 worker [7] - The accuracy of the AMR solution is reported at 99.9%, with hourly throughput increasing from 50-80 items per worker to about 200 items [7] Future Outlook and Investment Considerations - Analysts remain positive on Geekplus due to: 1. Industry tailwinds from faster AMR adoption 2. Strong revenue and order intake growth projected into 2026 3. Potential buying opportunity following a recent sell-off 4. Upcoming catalysts in early 2026, including Southbound inclusion and a potential humanoid product launch [2][4] - Risks include intensifying competition, potential loss of key clients, and delays in product launches [10] Valuation and Risks - The valuation methodology is based on an 11.0x 2026 estimated price-to-sales multiple, reflecting a 20% discount to comparables in the humanoid and autonomous driving sectors [8] - Upside risks include market share gains, margin expansion, and stronger sentiment in robotics [10] - Downside risks involve competition from Chinese peers, the end of lock-up periods, and weakening sentiment in the humanoid/robotics sector [10] Additional Important Information - The report emphasizes the importance of considering Morgan Stanley Research as one factor in investment decisions, highlighting potential conflicts of interest [5] - Analysts involved in the report have certified their views and have not received compensation for specific recommendations [15] This summary encapsulates the key points discussed in the conference call regarding Beijing Geekplus Technology Co., Ltd., focusing on its market performance, efficiency gains from AMR solutions, future outlook, and associated risks.

Summary of Key Points from the Conference Call Industry Overview - The global machinery sector is undergoing a significant re-rating due to the increasing recognition of traditional cyclical companies for their exposure to structural growth drivers such as automation, AIDC (Automatic Identification and Data Capture), digitalization, and the adoption of autonomous mobile robots (AMRs) [2][9][10] - The MSCI World Industrials Index has shown strong year-to-date performance, with major stocks outperforming, indicating a positive shift in investor sentiment towards the machinery sector [2][36] Core Companies Discussed - **Caterpillar (CAT)**: Positioned to benefit from cyclical upturns in construction and infrastructure activity, particularly in North America. The company reported a 30%+ year-over-year surge in power generation sales to AI data center developers [11][23] - **Weichai**: Noted for its leadership in AIDC back-up engines and robotics through Kion. The company is expected to see substantial growth in its data center power generator sales, with projections indicating a rise from Rmb0.8 billion in 2024 to approximately Rmb13 billion by 2028 [12][14] - **Hengli Hydraulic**: Focused on factory automation and robotics, with investments in proprietary components. The company is expected to benefit from the next wave of automation-driven growth [20][21] - **Sany and XCMG**: Both companies are experiencing robust demand trends, with Sany emphasizing high-quality growth and XCMG reporting significant revenue increases in core segments [25][36] Key Growth Drivers - The demand for AIDC and data center power generation is projected to grow significantly, with an estimated total addressable market exceeding $100 billion between 2026 and 2028 [11] - The Chinese data center diesel generator market is expected to grow at a compound annual growth rate (CAGR) of approximately 51% year-over-year, with domestic brands gaining market share [13][17] - Automation, digitalization, and AMRs are central to the growth strategies of companies like Kion, which is focusing on modernization and upgrade projects in logistics and manufacturing [19] Market Dynamics - The machinery cycle is improving, with signs of recovery in both China and global markets. China is forecasted to deliver approximately 12% year-over-year growth in 2025, while North America is expected to see a decline followed by a return to growth [22][23] - Margin expansion is a key theme across the sector, driven by a focus on high-quality growth, cost optimization, and digital transformation initiatives [33][35] Investment Outlook - The report maintains an Overweight rating on several companies, including Caterpillar, Kion, Weichai, Hengli Hydraulic, Sany, and XCMG, indicating a bullish outlook for the sector [2][36] - Despite strong sector performance, Weichai's stock is viewed as undervalued, with expectations for a catch-up as the market recognizes its structural growth drivers [37] Conclusion - The global machinery sector is positioned for long-term growth driven by automation and digitalization, with key players like Caterpillar, Weichai, Hengli, Sany, and XCMG leading the charge. The evolving market dynamics and improving machinery cycle present significant investment opportunities [2][10][36]

Summary of Key Points from the Conference Call Industry Overview - The focus of the TPCA Show 2025 in Taipei shifted from manufacturing equipment to materials essential for next-generation electronics, particularly in the context of AI computing growth [5][15][18] - PCB materials, especially copper foils, glass fabrics, and copper-clad laminates (CCLs), are now critical resources in the semiconductor and advanced packaging supply chain [5][15] Core Insights - Industry experts describe the current situation as a "battle before the battlefield," where upstream material bottlenecks are influencing the competition for AI hardware [6][15] - AI servers are redefining material requirements, necessitating substrates that can handle increased thermal stress and high-frequency signaling [7][8] - Traditional materials like FR-4 laminates are becoming inadequate as signaling speeds exceed 224 Gbps, leading to a shift towards low-Dk, low-Df resin systems and advanced copper foils [8][9] Material Shortages and Challenges - Fine-weave glass fabrics and ultra-thin copper foils are in critical shortage, with suppliers fully booked into 2026 [10][11] - The prices of high-end copper foil and T-glass have surged, creating challenges for CCL manufacturers in securing stable long-term supply [12][13] - CCL producers face dual challenges of improving resin performance while managing upstream constraints [13] Strategic Shifts in the Industry - The AI boom is transforming global supply chains, making materials a new geopolitical and economic leverage point [15][16] - Companies that control critical materials will dominate the AI infrastructure market, marking a shift from design-driven differentiation to material-driven leadership [16][18] - Long-term sourcing and co-development alliances are becoming essential strategies for CCL manufacturers to stabilize costs and secure supply [17] Market Dynamics - Demand for GB200/GB300 foils and AI ASIC substrates is surging, with material shortages spreading upstream [17] - The competition is no longer solely about chip design but also about securing high-quality materials and stable supply chains [18][20] - The semiconductor industry is entering a phase of vertical integration that begins in the materials lab, emphasizing the importance of material ownership for future AI developments [20] Conclusion - The TPCA Show 2025 highlights the critical role of materials in the AI era, where advancements in computing depend on the availability and performance of high-quality substrates [18][20] - The future of computing is increasingly tied to the materials that enable technological advancements, making them strategic assets for companies in the semiconductor space [18][20]

As filed with the Securities and Exchange Commission on October 31, 2025. Registration Statement No. 333-290424 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Not Applicable (Translation of Registrant's Name into English) (State or other jurisdiction of Cayman Islands 3714 Not Applicable (I.R.S. Employer Identification No.) (Primary Standard Industrial Classification Code Number) AMENDMENT NO. 1 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Micropolis Holding C ...

Core Insights - Micropolis Holding Co. has signed a non-legally binding Memorandum of Understanding (MoU) with SEE Holding Ltd to support the development of The Sustainable City 2.0, which is AI-driven, net zero, and human-centric [1][4] - The partnership will enable the deployment of advanced robotics, AI surveillance systems, smart mobility applications, and edge computing across SEE Holding's sustainable city projects globally [2][4] - This collaboration builds on a long-standing relationship, with SEE Holding being one of Micropolis' first investors since its inception in 2014 [3] Company Overview - Micropolis specializes in the design, development, and manufacturing of autonomous mobile robots (AMRs), AI systems, and smart infrastructure for urban, security, and industrial applications [7] - The company has vertically integrated capabilities that encompass mechatronics, embedded systems, AI software, and high-level autonomy [7] Strategic Partnership Details - The MoU outlines a strategic partnership focused on integrating AI and robotics into The Sustainable City 2.0's infrastructure, including command systems for city operations and autonomous fleets [4][6] - A joint R&D program will be initiated to enhance sustainable urban technologies, aiming to improve operational efficiency, resident experience, and environmental performance [5] SEE Holding Overview - SEE Holding is a UAE-based global holding group focused on sustainable infrastructure and city development through its operational verticals: SEE Solutions, SEE Developers, and SEE Engineering [8] - The company is committed to achieving net zero emissions and developing inclusive communities that prioritize education, healthcare, and overall well-being [9]

Core Viewpoint - Micropolis Holding Company has announced the pricing of its initial public offering (IPO) of 3,875,000 Ordinary Shares at $4.00 per share, aiming for total gross proceeds of $15.5 million before underwriting discounts and expenses [1][3]. Group 1: Offering Details - The Ordinary Shares are set to begin trading on the NYSE American under the ticker symbol "MCRP" on March 7, 2025, with the offering expected to close on March 10, 2025, pending customary closing conditions [1]. - The underwriters have an option to purchase up to 581,250 additional Ordinary Shares within 45 days of the closing of the offering to cover over-allotments [2]. - The offering was conducted on a firm commitment basis, with Network1 Financial Securities, Inc. acting as the sole book-running manager [4]. Group 2: Use of Proceeds - Micropolis plans to utilize the proceeds from the offering for various purposes, including talent acquisition, marketing, acquisition of machinery and advanced equipment, R&D expenses, repayment of related party loans, and general corporate purposes [3]. Group 3: Company Background - Micropolis is a robotics manufacturer founded in 2014, based in Dubai, UAE, specializing in autonomous mobile robots (AMRs) that utilize wheeled electric vehicle platforms [7]. - The company integrates application-specific pods into its robots, which can serve various functions such as surveillance, logistics, and collaborative robotics [7].

As filed with the U.S. Securities and Exchange Commission on February 7, 2025. Registration No. 333-276231 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 7 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 _______________________ MICROPOLIS HOLDING COMPANY (Exact Name of Registrant as Specified in its Charter) Not Applicable (Translation of Registrant's Name into English) _______________________ | Cayman Islands | 3714 | Not Applicable | | --- | --- | ...

As filed with the U.S. Securities and Exchange Commission on January 15, 2025. Registration No. 333-276231 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 6 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 _______________________ MICROPOLIS HOLDING COMPANY (Exact Name of Registrant as Specified in its Charter) Not Applicable (Translation of Registrant's Name into English) _______________________ | Cayman Islands | 3714 | Not Applicable | | --- | --- | ...