Event

Geek+ Acquires 20% Stake in Beijing Shenyi for RMB 50 Million

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Geek+, listed in Hong Kong, announced on October 9, 2026, that it would make a strategic investment of RMB 50 million in Beijing Shenyi for a 20% equity stake, corresponding to a post-investment valuation of RMB 250 million. Beijing Shenyi was founded at the end of January 2026; as of March this year, it had zero revenue and negative net assets. Because Beijing Shenyi CEO Liu Kai also serves as a non-executive director and controlling shareholder of Geek+, the transaction constitutes a connected transaction and, under Hong Kong Stock Exchange rules, is subject to announcement procedures but exempt from independent shareholder approval. Beijing Shenyi has proposed the L4E+E4L self-evolution paradigm, claiming that after deployment robots can continuously iterate parameters through interaction in real environments, and that it has completed 0.1-millimeter-level industrial flexible insertion operations on site at the World Robot Conference in China, with the key learning process taking only half a day. Geek+ will not consolidate Beijing Shenyi into its financial statements, stating that it hopes to obtain opportunities for technological synergy in general-purpose embodied brains through the strategic tie-up.