Shenzhen Dobot Technology Co. Ltd. has announced the completion of a placing of new H shares under a general mandate. The transaction involved the allotment and issue of 16,660,000 new H shares, representing approximately 4.23% of the enlarged H share capital. The placing was not a public offering and was not conducted in the United States. None of the placees became a substantial shareholder of the company as a result of this transaction. The net proceeds from the placing are intended for advancing technological research and product innovation in intelligent robotics, including research and development for embodied AI and improvements in cobot deployment efficiency.
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