Robotechnik expands governance, discloses new related party transactions

Robotechnik Intelligent Technology has implemented new corporate governance policies, including a risk management system, ESG management, board diversity, and anti-money laundering measures, effective upon its H-share listing in Hong Kong. These policies aim to enhance operational stability and regulatory compliance.

The company also announced the addition of ELAS Technologies Investment GmbH and its subsidiary Mato Immo GmbH as new related parties. This arises from Torsten Vahrenkamp, a Robotechnik board member, holding a 50% stake and serving as a managing director at ELAS.

Related party transactions include a five-year management service extension with ELAS, Torsten Vahrenkamp, and Matthias Trinker, for €80,000 monthly, and an agreement for FSG to purchase a property from Mato Immo GmbH, with a €1 million down payment. The board approved these transactions, noting their adherence to fair market principles and strategic alignment with ongoing operations.