Sitong New Metal to expand into robotics with new subsidiary

Hebei Sitong New Metal Material Co., Ltd. has entered a strategic partnership with Beijing Weijing Intelligent Technology Co., Ltd. This collaboration aims to extend Sitong New Metal's expertise in aluminum alloy materials and components into the humanoid robot industry, focusing on material selection, design, and deep processing to reduce manufacturing costs and enhance product performance for Weijing Intelligent.

As part of this initiative, Sitong New Metal plans to establish Shanghai Sitong Robot Technology Co., Ltd. in the Shanghai Jiading District IRIC Intelligent Manufacturing and Robot International Innovation Center. This new subsidiary will focus on research, development, and sales of lightweight materials and components for robots, further solidifying the company's position in the robotics sector.

Concurrently, Hebei Sitong New Metal Material is undertaking an early redemption of its "Sitong Convertible Bonds." The company’s stock price triggered the conditional redemption clause between September 29, 2025, and November 17, 2025. The redemption price is 100.39 yuan per bond, inclusive of accrued interest. Trading of the convertible bonds will cease on December 12, 2025, with conversion stopping on December 17, 2025.