DOBOT (02432) entrusts the trustee to purchase the company's H-shares from the secondary market according to the H-share incentive plan.

DOBOT (02432) announces that the company has appointed a trustee for the management of the H-share incentive plan. The trustee will purchase H-shares from the secondary market at the prevailing market price using funds from the incentive plan, in accordance with the company's instructions and the relevant provisions of the H-share incentive plan, to fulfill the rewards granted under the H-share incentive plan. The Board of Directors is confident in the Group's operating performance and future prospects. However, the company believes that the current value of H-shares is undervalued and does not fully reflect the company's fundamentals and long-term growth potential. Therefore, the company is now purchasing shares to further implement the H-share incentive plan at an appropriate time. The company currently expects to purchase shares at a total cost not exceeding HK$200 million.