DOBOT (02432.HK): Clarifies Allegations Made by Mr. Song; He Is Not Founding Shareholder or Co-founder; Dispute Arises from Employee Equity Incentive

NewTimeSpace News: On 21 July 2026, DOBOT (02432.HK) released a voluntary clarification announcement to address recent unsubstantiated claims by Mr. Song.

Four key clarifications are set out in the announcement: First, Mr. Song is not a founding shareholder or co-founder. The Company was established in July 2015 by Liu Peichao and five other co-founders, while Mr. Song joined the Company in October 2017. Second, Mr. Song obtained partnership interests in DOBOT Partnership by way of transfer. His indirect equity holdings in the Company stem from the employee equity incentive scheme, with relevant industrial and commercial registration completed in May 2019. Third, pursuant to the terms of the employee equity incentive scheme, after Mr. Song resigned in March 2021, the Company’s de facto controller or designated third party has the right to repurchase his incentive interests. Fourth, transfers of the Company’s equity held by DOBOT Partnership and adjustments to internal partnership interests are conducted in compliance with applicable laws. The Statement on Amendments to DOBOT Partnership serves only for communication purposes and is not a document confirming ownership rights.

On litigation matters: The Company initiated proceedings before Shenzhen Nanshan District People’s Court in November 2023, seeking confirmation that Mr. Song’s employee equity incentive lapsed upon his resignation. The case was later dismissed by Guangdong High People’s Court on the ground that such disputes fall within arbitral jurisdiction. As of the signing date of the A-share prospectus, there are no pending litigations or arbitrations involving Mr. Song.

The Company stated that the matter constitutes an internal dispute within DOBOT Partnership, the employee shareholding platform. It will not affect the clarity of the Company’s equity structure, stability of control, nor exert any material adverse impact on operations, business development or financial position.