Agreements reached under this partnership
Business alliance- 1
Exclusive distribution rights in Japan for the relevant products (including sales, distribution, leasing, renting and provision as a service)
- 2
UBTECH will not appoint any other distributors for the relevant products in Japan, will refer inquiries from customers in Japan regarding the relevant products to the Company, and will supply the relevant products to customers in Japan only through the Company (except in certain cases involving existing customers).
- 3
The Company may purchase and supply the relevant products in Japan, even before completion of certification in Japan, for purposes such as research, experimentation, data collection and demonstrations permitted under Japanese law.
- 4
The exclusive distribution period (36 months, renewable by agreement) will run from the date on which certification in Japan is completed for Walker C1, the first model.
- 5
The Company will be the applicant for and holder of the Japanese certification for the relevant products.
These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.
The impact of this matter on the Company's consolidated results for the fiscal year ending March 2027 is currently under review.
| Item | Details |
|---|---|
| Name of alliance partner | UBTECH ROBOTICS LIMITED |
| Alliance partner's business activities | Research and development, production, sales, international trade and technical consulting related to robot products and other products |
| Alliance partner's location | Hong Kong |
| Alliance partner's capital | HKD 310,584 (as of 29 June 2026) |
| Alliance partner's net sales | Undisclosed (the counterparty is an unlisted company and has requested that its operating results and financial position not be disclosed) |
| Alliance partner's operating income | Undisclosed (the counterparty is an unlisted company and has requested that its operating results and financial position not be disclosed) |
| Type of alliance | Business alliance |
| Details of the alliance | Exclusive distribution rights in Japan for the relevant products (including sales, distribution, leasing, renting and provision as a service), UBTECH will not appoint any other distributors for the relevant products in Japan, will refer inquiries from customers in Japan regarding the relevant products to the Company, and will supply the relevant products to customers in Japan only through the Company (except in certain cases involving existing customers)., The Company may purchase and supply the relevant products in Japan, even before completion of certification in Japan, for purposes such as research, experimentation, data collection and demonstrations permitted under Japanese law., The exclusive distribution period (36 months, renewable by agreement) will run from the date on which certification in Japan is completed for Walker C1, the first model., The Company will be the applicant for and holder of the Japanese certification for the relevant products. |
| Contract Period | Exclusive distribution period: 36 months. Renewable by agreement. Runs from the date on which certification in Japan is completed for Walker C1, the first model. |
| Date of board resolution | 16 October 2026 |
| Contract Date | 16 October 2026 (scheduled) |
| Alliance start date | 16 October 2026 (scheduled) |
| Impact on Business Performance | The impact of this matter on the Company's consolidated results for the fiscal year ending March 2027 is currently under review. |
Items this document does not state (10)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To advance the Company's business operations in Japan under its physical AI strategy. The Company aims to build a business that supports customers' consideration of automation and productivity improvements against a backdrop of labor shortages, and connects the supply of humanoid robots with customer evaluation and implementation, as well as ongoing service and data-related activities.