UBTECH's Core Management Team Rejects Share Reduction Rumors with Confirmation of Continued Ownership

UBTECH's Core Management Team Rejects Share Reduction Rumors with Confirmation of Continued OwnershipOn January 13th, UBTECH issued a formal response to recent online rumors alleging that its core management team had sold shares after a lock-up period. The response clarified that the company's core executives, Zhou Jian, Xiong Youjun, and Wang Lin, have not sold a single directly held share since the company's listing

UBTECH's Core Management Team Rejects Share Reduction Rumors with Confirmation of Continued Ownership

On January 13th, UBTECH issued a formal response to recent online rumors alleging that its core management team had sold shares after a lock-up period. The response clarified that the company's core executives, Zhou Jian, Xiong Youjun, and Wang Lin, have not sold a single directly held share since the company's listing. This statement effectively refuted the negative news regarding management share reductions and further strengthened investor confidence in the company's future development.

According to official information provided by UBTECH, core management team members Zhou Jian, Xiong Youjun, and Wang Lin have all signed lock-up agreements, pledging not to sell any directly held UBTECH shares for one year, from January 5th, 2025. This demonstrates the core management team's strong confidence in the company's long-term prospects and their willingness to share both the risks and rewards. The one-year lock-up period fully reflects the management team's unwavering commitment to the company's future development and long-term strategic planning.

Significantly, UBTECH emphasized that the number of shares held by Xiong Youjun and Wang Lin, as mentioned in the lock-up agreement, is entirely consistent with the information disclosed at the time of the company's listing. This confirmation further alleviated market concerns and ensured information transparency and accuracy. This played a crucial role in maintaining the company's image and investor confidence.

Xiong Youjun and Wang Lin have been core members of the management team since UBTECH's inception in 2012, working alongside founder Zhou Jian. Their more than ten years of dedication have witnessed UBTECH's growth from a startup to an industry leader. Their deep understanding of the company and long-term commitment provide a solid foundation for its stable development. Their steadfast loyalty is an invaluable intangible asset, providing continuous momentum for the company's future growth.

In its response, UBTECH not only directly denied the share reduction rumors but also effectively resolved market uncertainty through detailed explanations and supporting data. The company's open and transparent approach has earned market respect and laid a solid foundation for its future development. The management team's firm commitment to holding their shares not only reflects their confidence in the company's future but also served as a strong boost to investor confidence in UBTECH.

As a leading technology company in the robotics field, UBTECH's development has always been closely watched. Its ability to maintain steady growth in a fiercely competitive market is largely due to the efforts and contributions of its core management team. The successful resolution of this incident also highlights the company's excellent risk management and crisis communication capabilities. In the face of market skepticism, UBTECH's proactive response and prompt clarification of facts demonstrated its responsible attitude, setting a positive example for other companies.

UBTECH's response not only quelled market rumors but also sent a clear signal to investors: the company's management has unwavering confidence in its development and is committed to sharing its long-term destiny. This confidence and commitment are vital driving forces for the company's continued growth. This event allows for a clearer understanding of UBTECH's core competitiveness and its long-term growth potential. UBTECH's continued development is highly anticipated. The company will remain focused on technological innovation and product development to provide consumers with even better products and services.

This incident also serves as a reminder that in today's information-saturated age, rational thinking and skepticism towards unverified rumors are crucial. Investors should focus on officially released information from the company and avoid being misled by false information to make rational investment decisions. We hope UBTECH will continue to maintain steady development and make greater contributions to the development of China's robotics industry. We also hope that the company will continue to maintain open and transparent communication with investors, fostering positive interaction and creating a brighter future together.

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