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GEEKPLUS-W: US Advanced Robotics Ban Will Not Have Material Impact on Company

AASTOCKS News
Jul 31, 2026 at 01:21 AM
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GEEKPLUS-Wannounced that the US FCC's ban on foreign advanced robotics will not materially impact its business. The company confirmed that all its Autonomous Mobile Robot models sold in the US hold valid FCC certifications and are exempt from the prohibition. Consequently, US sales, deliveries, and operations remain fully unaffected. GEEKPLUS continues its strategy of regionalizing manufacturing and supply chains.

GEEKPLUS-W (02590.HK) +0.360 (+4.040%) Short selling $1.22M; Ratio 1.410% announced that to address the recent update to the Covered List published by the Federal Communications Commission (FCC) on Tuesday (28th) prohibiting the import, marketing or sale of foreign-produced advanced robotic devices and connected power inverters in the United States, the Board announced that all Autonomous Mobile Robot (AMR) models currently sold by the Group in the United States have obtained valid FCC certifications and therefore are not subject to the Prohibitions.

Sales, product delivery, and business operations of the Group in the United States remain fully operational and completely unaffected. The Prohibition will not have any material adverse impact on the business, operation or financial conditions of the Group. The Company continues to implement its long-term strategy of regionalizing its manufacturing, supply chains, research development and product testing.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-30 16:25.)

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