Agreements reached under this partnership
Joint venture- 1
MR. ROBOT envisages providing data collection expertise, rights to use its technology, operating procedures, engineering capabilities, training, quality control, facilities and a local operating structure, and leading day-to-day business operations. The Company envisages providing customer development and contracting in Japan, business opportunities through its relationship with UBTECH, Company-owned humanoid robots and its data governance framework.
- 2
Working capital is envisaged to be contributed in stages, in principle in proportion to the ownership ratio, based on budgets and other items approved jointly.
- 3
The Company envisages initially deploying 5 humanoid robots that it owns, with the number increasing to approximately 10 at most depending on agreed progress.
- 4
The parties will consider including, in the definitive agreement, the Company's rights to give prior written consent and veto the joint venture's collection, use, storage, sharing, transfer, reuse, commercialisation and deletion of data, among other matters.
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 parties will consider targeting the compilation of the joint business plan and draft definitive agreement and execution of the definitive agreement following approval by the board of directors during November 2026, establishment of the joint venture by the end of December 2026, and commencement of initial data collection during January 2027. The Company envisages initially deploying 5 humanoid robots, with the number increasing to approximately 10 at most.
This indicates whether the companies will do more than work together, such as holding each other’s shares or seconding personnel (capital and business alliance).
The impact on the Company's consolidated results for the fiscal year ending March 2027, including costs associated with this MOU, is immaterial.
| Item | Details |
|---|---|
| Name of alliance partner | Mr Robot Sdn Bhd |
| Alliance partner's business activities | Robot deployment; data collection, annotation and quality control; engineering; maintenance and training, among other activities |
| Alliance partner's location | Selangor, Malaysia |
| Type of alliance | Joint venture |
| Details of the alliance | MR. ROBOT envisages providing data collection expertise, rights to use its technology, operating procedures, engineering capabilities, training, quality control, facilities and a local operating structure, and leading day-to-day business operations. The Company envisages providing customer development and contracting in Japan, business opportunities through its relationship with UBTECH, Company-owned humanoid robots and its data governance framework., Working capital is envisaged to be contributed in stages, in principle in proportion to the ownership ratio, based on budgets and other items approved jointly., The Company envisages initially deploying 5 humanoid robots that it owns, with the number increasing to approximately 10 at most depending on agreed progress., The parties will consider including, in the definitive agreement, the Company's rights to give prior written consent and veto the joint venture's collection, use, storage, sharing, transfer, reuse, commercialisation and deletion of data, among other matters. |
| Acquisition price | Not yet determined. To be considered based on the joint business plan. |
| Shareholding ratio | Not disclosed → MR. ROBOT 60%; the Company 40% (basis for discussions) |
| Overview of the joint venture | Name not yet determined; a Malaysian private limited company (Sdn. Bhd.) is envisaged; location not yet determined; business activities to comprise data collection, engineering and development, and deployment support for physical AI; capital not yet determined; ownership ratios are to be finalised in the definitive agreement, based on MR. ROBOT 60% and the Company 40% as the basis for discussions. |
| Ownership ratio | To be finalised in the definitive agreement, based on MR. ROBOT 60% and the Company 40% as the basis for discussions. |
| Dispatch of directors and officers | Of the 3 directors, MR. ROBOT envisages appointing 2 directors and the chair, and the Company 1 director. The Company is expected to appoint the head of finance and the head of data governance. |
| Numerical targets under the alliance | The parties will consider targeting the compilation of the joint business plan and draft definitive agreement and execution of the definitive agreement following approval by the board of directors during November 2026, establishment of the joint venture by the end of December 2026, and commencement of initial data collection during January 2027. The Company envisages initially deploying 5 humanoid robots, with the number increasing to approximately 10 at most. |
| Contract Date | 23 October 2026 |
| Alliance start date | Targeted commencement of initial data collection during January 2027 (planned) |
| Impact on Business Performance | The impact on the Company's consolidated results for the fiscal year ending March 2027, including costs associated with this MOU, is immaterial. |
Items this document does not state (9)
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 combine the Company's customer development and data management capabilities in Japan with MR. ROBOT's data collection and engineering capabilities in Malaysia, and to assess customer demand, service offerings, pricing, costs and profitability.