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Shenzhen Dobot (Chinese name Yue Jiang, meaning “crossing the border”), established in 2015 by Liu Peichao, focuses on the development and production of intelligent robotic arms and other smart hardware products. It went public in Hong Kong in December 2024 and has won national and Guangdong provincial recognitions in the manufacturing sector. Its main products include six-axis and four-axis cobots, which accounted for 55.9% and 25.7% of its 2024 sales, respectively. The company’s 2024 annual results showed it offered 27 cobot models in four series with payload capacity ranging from 0.25kg to 20kg, serving more than 80 Fortune Global 500 companies around the world. The Company’s CR series of six-axis cobots boast mature applications in industrial scenarios such as palletizing, loading and unloading, disordered sorting, gluing, quality inspection, assembly and handling. For commercial scenarios, Nova is used in physiotherapy, catering, retail, hotels, ports and airports, public services, and other fields. The Company’s four-axis cobots include the M1 and MG series for manufacturing and the Magician series for scientific research and education. In May 2024, the Company officially debuted the DOBOT Coffee making cobots, which automates the entire process from scanning QR Code to place orders to getting coffee based on integrating high-precision cobots with the advanced AI technology. COBOT’s adjusted net loss for the year amounted to RMB36.5 million, representing a decrease of 55.4% as compared to RMB81.8 million in 2023. Revenue amounted to RMB373.7 million, representing an increase of 30.3% as compared to RMB286.7 million in 2023.