Senior Analyst

UBTech Robotics has raised approximately HK$3.06 billion ($389-394 million) through a share placement in Hong Kong, selling over 31 million H shares at HK$98.80 each to at least six investors. The placement, completed on 2 December 2025, was handled by Guotai Junan Securities, CLSA Limited and TradeGo Markets Limited. Around three-quarters of the proceeds will fund supply chain investments, including potential acquisitions and joint ventures over the next two years. The remainder will support operations, development and debt repayment. The fundraising coincides with growing commercial deployments. UBTech expects to deliver approximately 500 Walker S2 humanoid robots by end-2025, scaling to 10,000 units by 2027. A contract worth CNY 264 million involves deploying robots at a centre in Fangchenggang for guidance, inspection and logistics roles.

CITIC CLSA to host its Asean Forum in Bangkok from 10-12 March 2026. Bangkok, Thailand - 9 Feb 2026: CITIC CLSA is excited to announce its 22nd Asean Forum, set to take place from 10-12 March at the Grand Hyatt Erawan Bangkok. This premier event will bring together leading corporates, institutional investors, policymakers and experts to discuss the growth opportunities, demographic shifts and policy trends shaping Southeast Asia's key markets. The Forum will go beyond the headlines to uncover the region's most promising opportunities. Topics will include Singapore's advancements in AI, datacenters and advanced manufacturing; Malaysia's expanding role in chip packaging, testing and electronics; and Vietnam's wide-ranging government, institutional and capital market reforms. Indonesia's push toward downstream industrialisation through large-scale FDI will also feature prominently, alongside insights into Thailand's dynamic manufacturing base and thriving tourism sector. Additionally, discussions will spotlight the Philippines' growth story, driven by domestic demand, a young urban population, strong remittances and a growing middle class. Delegates will benefit from diverse perspectives through thought-provoking speaker presentations and panel discussions covering key regional themes and sector-specific opportunities. For a hands-on experience, attendees can join bespoke tours across the six major Asean markets and gain firsthand exposure to critical sectors such as AI, semiconductors, autos, sustainability, consumer and property. Edward Park, Deputy Chief Executive Officer at CSI, said: "Asean is solidifying its position as a global economic powerhouse. With policy momentum building and investment accelerating across key markets, it is entering a new era of expansion and opportunity. The Asean Forum is designed to help investors and corporates better understand investment opportunities and connect directly with the region's next phase of growth." Samir Kogar, Thailand Country Head at CLSA, added: "Thailand is rapidly emerging as one of Southeast Asia's most dynamic economies, with strong growth in technology, manufacturing and sustainable industries. As a regional hub for trade, tourism and innovation, it offers an ideal environment for meaningful cross-border collaboration. Hosting the Forum in vibrant Bangkok allows us to bring together leaders and innovators in a city that blends modern infrastructure with deep cultural connectivity. We are known as the Land of Smiles for a reason; come experience it for yourself." Matthew Overy, Chief Operating Officer and Deputy Head of Research at CLSA, said: "At a time of heightened global uncertainty and rapidly shifting capital flows, having direct access to regional insights and corporate leaders matters more than ever. Our Asean Forum is a timely platform for investors and corporates to engage face to face, compare perspectives and identify where the next opportunities are emerging across the region." About CITIC CLSA CITIC CLSA is a wholly owned subsidiary of CITIC Securities and its overseas business platform. Established in Hong Kong in 1986, CITIC CLSA is Asia's leading capital markets and investment group, dedicated to supporting the growth strategies of global institutional investors, corporations, governments, and high-net-worth individuals. CITIC CLSA's award-winning research, deep local knowledge, strong ties to China, and highly experienced financial professionals distinguish it from both global investment banks and regional competitors. Over four decades, CITIC CLSA has built a comprehensive network across Asia while expanding operations to 13 countries worldwide, including locations in Asia, Australia, Europe, and the Americas. For more information, please visit clsa.com. MEDIA CONTACTS | Peter Joblin Director of Communications, CITIC Securities International T: +852 2600 8046 E: [email protected] | / | Angel Lai Communications Specialist, CITIC Securities International T: +852 2600 7584 E: [email protected] |