---
title: "UBTECH ROBOTICS subsidiary Wuxi Youqi signed a new framework agreement with MAE"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/277794466.md"
description: "UBTECH ROBOTICS announced that its subsidiary Wuxi Youqi has signed a new framework agreement with Tianqi Automation Engineering, which is valid from March 4, 2026, to December 31, 2028. It is expected that Tianqi will pay Wuxi Youqi a maximum purchase price of 250 million yuan, 200 million yuan, and 150 million yuan, respectively. The board of directors recommends applying for bank credit to support business expansion, which requires shareholder approval. This cooperation will promote the business development and enhance the reputation of UBTECH ROBOTICS"
datetime: "2026-03-04T22:12:57.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277794466.md)
  - [en](https://longbridge.com/en/news/277794466.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277794466.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/277794466.md) | [繁體中文](https://longbridge.com/zh-HK/news/277794466.md)


# UBTECH ROBOTICS subsidiary Wuxi Youqi signed a new framework agreement with MAE

According to the announcement from UBTECH ROBOTICS (09880), on March 4, 2026, Wuxi Youqi (a subsidiary of the company according to listing rules) signed a new framework agreement with Tianqi Automation Engineering. Wuxi Youqi Group agrees to provide Tianqi Automation Engineering products and services from March 4, 2026, to December 31, 2028.

On March 4, 2026, the board meeting recommended that the company apply for bank credit to ensure the continuity of the company's bank credit and better support the company's business expansion. According to the requirements of the lending bank, the company's bank credit application must be approved by shareholders.

For the fiscal years ending December 31, 2026, 2027, and 2028, it is estimated that Tianqi Automation Engineering Group should pay Wuxi Youqi Group a maximum purchase price for the purchase of Tianqi Automation Engineering products and services of no more than RMB 250 million, RMB 200 million, and RMB 150 million, respectively.

As Tianqi Automation Engineering Group is a well-known provider of automation services for intelligent devices, with expertise in automotive intelligent devices and lithium battery recycling, and considering the significant revenue contribution from clients in the automotive and automotive parts industry, the board believes that continued sales to Tianqi Automation Engineering Group and maintaining business relations with Tianqi Automation Engineering Group can promote the group's business development and enhance its reputation

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