Undercover Robot (06600) December 18 to December 23. The stock offering is expected to be listed on December 30

According to the Zhitong Finance App, Woan Robot (06600) will raise shares from December 18 to December 23, 2025. The company plans to sell 22.22,300 shares globally, of which Hong Kong sales account for 10%, international sales account for 90%, and 15% over-allotment rights, with a sale price of HK$63-81 per share. Each lot is 100 shares, and it is expected that the shares will start trading on the Stock Exchange on December 30, 2025.

The company is a global provider of home robotics systems. Its main markets include Japan, Europe and North America, and is committed to building an ecosystem centered on smart home robot products. According to the Frost & Sullivan report, the company is the world's leading provider of home robotics systems, providing a broad range of home robots designed for a variety of home life scenarios. The company's products mainly include (i) enhanced executive robots, including flexible skill robots (such as door lock robots, curtain robots, and finger robots), enhanced mobile robots (such as multi-functional household robots), and motion robots; (ii) sensing and decision-making systems, including smart hubs, smart sensors and smart cameras; and (iii) other smart home products and services, such as lighting and power tools and smart home appliances. With technology research and product innovation as the driving core, the company leverages the advantages of an industrial chain integrating R&D, production and sales, continuously strengthens the application and cultivation of home robotics technology in a wide range of family life scenarios (covering intelligent control, housework, smart housekeepers, nursing care, safety protection and energy management), and continuously improves the depth of home scene coverage and intelligent autonomous robot learning and decision-making capabilities to provide users with a complete and rich smart home life ecosystem.

The company has entered into cornerstone investment agreements with HACF, LP, Cithara, Infini, ChinaOrient EIF, ChinaOrientMSMF, Wind Sabre, YieldRoyal, Sage Partners, and Sage Sunshine. The cornerstone investors have agreed to subscribe for the relevant number of shares offered under certain conditions. The shares can be purchased at the offering price, totaling approximately HK$700 million.

After deducting estimated underwriting commissions and other fees and expenses paid and payable by the Company in connection with the global offering, and assuming that the offering price was HK$72.0 per H share and that the over-allotment rights were not exercised, the Company estimates that the net proceeds from the global sale would be approximately HK$1,505 billion. The company plans to use the net proceeds from the global sale according to the purposes and amounts set out below: approximately 66.5% will be used to continuously enhance the company's R&D capabilities to further develop key technologies and products related to the company's home robotics systems; approximately 19.8% will be used to expand the company's sales channels and regional coverage and enhance the global popularity of the company's brand; approximately 3.8% will be used to repay loans; and approximately 10.0% will be used for general working capital and corporate purposes.