Ubtech Robotics Shareholders Face Critical Votes on Acquisition Strategy

Ubtech accelerates shareholder vote to acquire Zhejiang Fenglong for 1.7B yuan, securing critical manufacturing capacity to meet ambitious humanoid robot production targets.

Ubtech Robotics Corp. is approaching a pivotal moment, with shareholders set to vote on a transformative acquisition that could reshape the company's manufacturing foundation. This comes as China's humanoid robotics sector reaches a critical inflection point.

Shareholder Meetings Moved Forward

The timeline for key decisions has accelerated. Instead of March 26, an extraordinary general meeting (EGM) to approve the planned acquisition will now be held on March 10, 2026, at the company's Shenzhen headquarters.

A second EGM is scheduled for March 19. At this gathering, investors will be asked to approve a framework agreement between Ubtech's subsidiary, Wuxi Uqi Intelligent Technology Co., and Miracle Automation Engineering Co., Ltd. The agenda also includes approvals for credit facilities and proposed amendments to the company's capital structure and articles of association.

Securing Manufacturing Muscle: The 1.7-Billion-Yuan Fenglong Deal

To secure vital production capacity, Ubtech is prepared to pay approximately 1.7 billion yuan (USD 237 million) in cash. The target is Zhejiang Fenglong Technology Co., Ltd., a Shenzhen-listed manufacturer of mechanical components.

The transaction is structured in two phases. First, Ubtech will acquire a 29.99% stake in Fenglong from existing shareholders for 1.16 billion yuan. This will be followed by a voluntary partial tender offer for an additional 13.02% interest, priced at roughly 504 million yuan.

The offer price of 17.72 yuan per share represents a 10% discount to Fenglong's closing price of 19.68 yuan on December 17, prior to a trading suspension.

Strategic Rationale Behind the Target

Zhejiang Fenglong's expertise lies in producing motors for garden equipment, automotive parts, and hydraulic control systems for global clients including Husqvarna, Caterpillar, and Bosch Rexroth. This precision manufacturing capability—encompassing motors, actuators, and hydraulic systems—aligns precisely with the technical demands of humanoid robotics.

The acquisition allows Ubtech to gain immediate manufacturing scale without the long lead times and substantial capital expenditure required to build new factories from scratch. Upon a successful takeover, Ubtech would control six of the seven seats on Fenglong's board of supervisors, marking its first subsidiary listed on China's A-share market.

Fenglong reported 2024 revenue of 479 million yuan with a net profit of 4.59 million yuan. The deal's valuation reflects strategic growth targets: the company aims for a net profit of 10 million yuan by 2026 and 20 million yuan by 2028, excluding any losses related to robotics operations.

Ambitious Production Roadmap

Ubtech has already secured firm orders worth 1.4 billion yuan for its humanoid robots. Current monthly production of its Walker S2 model exceeds 300 units.

The company's plans are significantly more aggressive. It targets annual production of 5,000 industrial humanoid robots by 2026, scaling up to 10,000 units by 2027. Since the beginning of 2025, the Walker series alone has garnered orders exceeding 800 million yuan.

In a parallel development on the software front, the company made its self-developed vision-language model, "Thinker," available as open-source in February 2026.

Share Price Volatility and Solid Financing

Ubtech's shares traded at HKD 112.30 on March 6, 2026, reflecting a weekly decline of 9.34%. Market observers attribute recent volatility to delays and multiple reschedulings within the acquisition process.

Financing for the deal appears secure. In November 2025, Ubtech raised over HKD 3.1 billion, explicitly earmarked for investments and acquisitions.

Investors await the next business report, due on March 31, 2026, for a clearer picture of the company's overall financial health. This comes amid an intensifying race for manufacturing capacity within China's rapidly evolving robotics industry.