Suteng Juchuang (02498) optimizes robot business layout and focuses on robot core components business

The Zhitong Finance App learned that on September 10, Suteng Juchuang (02498) announced that it plans to sell the Group's complete robot business and assets at a total cash cost of RMB 59.878 million. Since the buyer is 35% controlled by Dr. Qiu Chunxin, Chairman of the Board of Directors of the Company and Chief Scientist, this transaction constitutes a connected transaction under Chapter 14A of the Hong Kong Stock Exchange's Listing Rules.

This transaction is an important adjustment for Suteng Juchuang to optimize the robot business layout and resource allocation and strengthen core business operations.

At the same time, the announcement made it clear that Sagiteng Juchuang will focus on advancing its long-term strategic plan to provide major and key incremental components for physical robots in addition to lidar products. The company also expects that after the transaction is completed, the Group will become one of the buyer's parts suppliers; future transactions between the Group and the buyer or its subsidiaries will be carried out according to fair negotiation standards in the daily business process and constitute continuing connected transactions, and the company will abide by the applicable provisions of the Hong Kong Stock Exchange's “Listing Rules”.

According to the financial report conference call, Sagiteng Juchuang has now formed a product system covering the robot's “eyes, skin, and muscles,” and related incremental robot component products such as lidar, space cameras, tactile sensors, and joint motors have all entered the commercialization process. After this adjustment, Suteng Juchuang will focus on the vision of “becoming a leading robotics platform company”, focus on providing general robot components and solutions, and build robot infrastructure to support large-scale development of physical AI.