Recently, Hangzhou UBTECH Hanyou Zhixing Robotics Co., Ltd. has been established, with Hao Baoyu serving as its legal representative and a registered capital of 50 million yuan. The company's scope of business encompasses industrial robot manufacturing, intelligent robot sales, artificial intelligence theory and algorithm software development, as well as industry application system integration services. This venture is a wholly-owned subsidiary of Shenzhen UBTECH Technology Co., Ltd.