On December 24, Ningbo Huaxiang made a public announcement stating that its subsidiary, Ningbo Huaxiang Qiyuan Technology Co., Ltd., entered into a “Robot Joints OEM Production Contract” with a prominent domestic robot joint manufacturer on December 23. As per the contract terms, Huaxiang Qiyuan is tasked with manufacturing specific robot joint products for the client over the next two - year period. This is to align with market demand and ensure that production is completed within the stipulated timeframe, strictly adhering to the customer’s specifications.

This partnership is set to be a game - changer for Huaxiang Qiyuan. It will enable the company to carve out a distinct competitive edge within its product range of intelligent robot components. Moreover, it lays a solid groundwork for the development of core joint components utilizing PEEK materials, a cutting - edge material in the field.

Although this development is anticipated to have a relatively minor impact on the company’s operating performance in the current year, it holds significant promise for the future. Once mass supply kicks off in January 2026, it is expected to exert a positive influence on the company’s long - term operating performance.