Ashurst advises on humanoid robotic company UBTech's share placement

Global law firm Ashurst represented CLSA Limited, acted as a joint placing agent in the HK$436 million placing of 5,060,000 H shares of UBTech ROBOTICS CORP LTD ("UBTech" or "Company"), a company listed on the Main Board of the Hong Kong Stock Exchange

UBTech is a leading and reputable smart service robotic company in China, dedicated to the development, production, and sales of smart service robotic products with smart features, as well as the research and development of humanoid robots.

Ashurst also advises the Company on its IPO in Hong Kong, which marked the largest company listed in 2023 and first humanoid robotic IPO in Hong Kong.

Lead partner Melody He commented: "We are delighted to advise CLSA, Guotai Junan and TradeGo Market as joint placing agents of UBTech in its H shares placing. This is the second major fund-raising activity undertaken by the Company after its IPO debut in Hong Kong last year, which IPO marked the first humanoid robotic IPO in Hong Kong, which we also had the pleasure to advise the Company on. The successful completion of the placing is a testament of investors' confidence in the Company. We look forward to continuously working with the Company and market participants to help the Company achieve its goal."

The transaction was led by partner Melody He, supported by senior associate Brenton Tse.