Nocoda plans to develop outdoor robot applications in Hong Kong and international markets and intends to sell shares of ZALL SMARTCOM

Nokota Technology (0519), formerly known as Shili Jianye, is undergoing transformation and has already begun supplying outdoor robots for artificial intelligence cleaning and patrolling in Hong Kong. The group's Chief Financial Officer and Company Secretary, Trudy Dai, stated that they intend to supply garbage bin handling robots in Hong Kong in the first half of the year and explore applications in the medical market. Although the group still retains rental properties such as the Golden Bauhinia Center and the Wuxi Tianyi New City apartments, which will continue to be leased and sold, they also plan to gradually sell their 0.8% stake in ZALL SMARTCOM (2098) and fund investments, with the proceeds used for investments in artificial intelligence and robotics.

Zhao Jiewen, Chief Operating Officer of Nokota Intelligent Driving, pointed out that the group plans to deploy artificial intelligence robots for outdoor applications in Hong Kong starting in 2024. Currently, their products are being supplied to public housing projects in Queen's Hill, Shek Pai Wan Estate, and Fanling's Ka Fu Estate, mainly covering cleaning and patrolling fields. So far, they have supplied 5 robots to public housing projects and have also used their robotic products in large private estates in Tai Po.

Generally, products produced in mainland China can operate autonomously two weeks after landing in Hong Kong and can be used in narrow pathways. For example, the patrolling robot, priced around HKD 300,000 to 400,000, can run continuously for 6 to 7 hours after a 2-hour charge, with a product lifespan of about 5 to 6 years.

They also offer rental options or rent-to-own plans, typically renting for two to three years at a monthly rent of about HKD 15,000 to 20,000. They have experienced cases where patrolling robots can walk 300 kilometers in a month in Hong Kong. Currently, business from public and private estates accounts for about half each.

In addition to supplying cleaning and patrolling robots, Zhao Jiewen mentioned that they plan to supply robots capable of handling garbage bins in Hong Kong according to specific scenarios, while also exploring and negotiating for use in hospital settings. Beyond outdoor applications, the group's products also include indoor air disinfection robots supplied to local shopping malls. Trudy Dai further stated that after a year of deployment, Nokota Intelligent Driving has recorded revenue and will conduct research and development based on market demand, with last year's R&D investment not being substantial. Nokota Intelligent Driving will also explore development opportunities from Hong Kong to Southeast Asia, Australia, and the Middle East, and has received inquiries from Malaysia.

Trudy Dai acknowledged the recent significant fluctuations in the company's stock price but emphasized their focus on business operations, believing that as long as they perform well, other matters will develop positively. The group's current stock price is reported at HKD 0.168, down 18.05%, with a recorded transaction of HKD 2.52 million