Earnings release
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1 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. BEIJING GEEKPLUS TECHNOLOGY CO., LTD. ʮ̡ (A joint stock company controlled through weighted voting rights and incorporated in the People ’s Republic of China with limited liability) (Stock Code: 2590) INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED JUNE 30, 2026 The board (the “Board”) of directors (the “Directors ”) of Beijing Geekplus Technology Co., Ltd. (the “Company ”) is pleased to announce the unaudited consolidated results of the Company and its subsidiaries (collectively, the “Group”) for the six months ended June 30, 2026 (the “Reporting Period ”). The interim results have been reviewed by the audit committee of the Company (the “Audit Committee ”). In this announcement, “we”, “us”, and “our” refer to the Company and where the context otherwise requires, the Group. KEY HIGHLIGHTS Six months ended June 30, 2026 (unaudited) 2025 (unaudited) Period-over- Period (%) (Renminbi ( “RMB”) in thousands) Revenue 1,283,899 1,024,722 25.3% Gross profit 459,893 359,914 27.8% Profit (loss) from operations (175,695) (82,162) 113.8% Profit (loss) before taxation (173,168) (46,577) 271.8% Profit (loss) for the period (176,534) (47,956) 268.1% Adjusted net profit (loss) Adjusted for: Foreign exchange losses (gains) 104,575 (77,389) 235.1% Equity-settled share-based payment expenses 11,348 26,610 (57.4%) Listing expenses 30,619 (100.0%) Changes in the carrying amount of redemption liabilities (21,163) (100.0%) Adjusted net profit (loss) (non-IFRS measure)¹ 60,611) (89,279) (32.1%) 1 See the section entitled “Non-IFRS Measure: Adjusted Net Loss ” for more information about the non-IFRS measure.
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2 BUSINESS REVIEW As a global leader in the warehousing and logistics robotics industry, in the first half of 2026, the Company accelerated order growth, representing a year-on-year increase of 35.5%; its adjusted net loss (non-IFRS measure) 1 demonstrated significant improvement, narrowing by 32.1% year- on-year, and improving substantially by 81.9% year-on-year after excluding investment in R&D of embodied intelligence, with continuous enhancement in operational quality. As of June 30, 2026, the Company had been recognized by over 1,000 end customers worldwide, including over 85 Fortune Global 500 companies, with a customer repurchase rate of over 80%. The Company had shipped over 81,000 robots to more than 40 countries and regions worldwide, and had ranked first in global autonomous mobile robot (AMR) market share for seven consecutive years 2. The Company actively adheres to its development philosophy of “breaking technological boundaries and leading the transformation of embodied intelligence in warehousing ”, and continues to lead innovation and large-scale commercial deployment of embodied intelligence technologies. I. STRONG GROWTH IN GLOBAL ORDERS, OUTPERFORMING THE MARKET In the first half of 2026, the Company recorded new signed orders of RMB2,384.8 million, representing a year-on-year increase of 35.5%, with its growth rate outperforming the industry and injecting strong momentum into the release of full-year performance. The customer repurchase rate remained above 80%, demonstrating strong customer stickiness to the Company ’s products and services. The order mix continued to optimize, with multiple business lines, including Pallet-to-Person solutions, subscription-based services, manufacturing scenarios and embodied intelligence products, recording strong growth: (i) Strong growth in Pallet-to-Person solution orders: Orders for Pallet-to-Person solutions increased by over 200% as compared with the same period last year, fully demonstrating the strong market demand and commercial value of high-density storage and intelligent picking solutions in industries such as general retail, 3PL and cold chain logistics. (ii) Rapid growth in subscription-based service orders: Orders amounted to RMB155.7 million, representing a year-on-year increase of over 75%, among which subscription- based service orders in the Americas increased by 455% year-on-year, with customer stickiness steadily improving. (iii) Surge in orders for manufacturing scenarios: Leveraging the outstanding performance of autonomous mobile robots in intra-factory logistics, the Company ’s orders for manufacturing scenarios increased by over 600% as compared with the same period last year. The Company rapidly expanded its business presence from warehouse fulfillment into manufacturing scenarios, opening up new growth opportunities. (iv) Breakthroughs in embodied intelligence product orders: The Company achieved breakthroughs in orders for its embodied intelligence products. Core embodied intelligence products, including robotic arm picking workstations and the Gino 1 humanoid robot, gained the recognition of and entered into cooperation with a number of Fortune Global 500 companies. Breakthrough innovations in embodied intelligence products mark the Company ’s strategic upgrade from an AMR mobile robot provider to a provider of full-category embodied intelligence solutions, opening up a new growth engine for the Company ’s long-term growth in global intelligent logistics and intelligent manufacturing. 2 Source of market share data: The Mobile Robot Market-2019-2025 published by Interact Analysis, a global market research institution
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3 II. STRONG IMPROVEMENT IN OPERATING PERFORMANCE In the first half of 2026, the Company successfully achieved its operating objectives of “steady expansion in revenue scale, continuous enhancement in profitability and remarkable improvement in profit 3”, bringing its operational quality to a new level. (i) Steady expansion in revenue scale: In the first half of 2026, the Company recorded revenue of RMB1,283.9 million, representing a year-on-year increase of 25.3%. Sales of its core robotics solutions continued to expand, becoming the primary driver of revenue growth. (ii) Continuous enhancement in profitability: The Company ’s overall gross profit increased to RMB459.9 million, representing an increase of 27.8% as compared with the same period last year. Gross margin increased from 35.1% for the same period last year to 35.8%, demonstrating a steady enhancement in profitability. In respect of overseas business, revenue from countries/regions outside Chinese Mainland accounted for over 75% of total revenue, with the gross margin of overseas sales reaching 46.2%, fully demonstrating the high value-added competitiveness of the Company ’s globalized products and services. (iii) Remarkable improvement in profit: The adjusted net loss (non-IFRS measure) was RMB60.6 million, narrowing by RMB28.7 million from RMB89.3 million for the same period in 2025 (excluding foreign exchange gains), representing a year-on- year improvement of 32.1%, with operating conditions improving steadily. During the period, the Company invested RMB44.5 million in embodied intelligence R&D. Excluding the impact of such investment, the adjusted net loss (non-IFRS measure) would have been RMB16.1 million, narrowing by RMB73.2 million from RMB89.3 million for the same period in 2025 (excluding foreign exchange gains), representing a significant year-on-year improvement of 81.9%. The Company will continue to build up its core technological capabilities, enhance the competitiveness of its product solutions, drive rapid order growth and provide support for the Company ’s long-term performance growth. III. DEEPENING GLOBAL BUSINESS EXPANSION In the first half of 2026, leveraging the strength of the globally leading Geek+ brand and its robust technological capabilities, the Company continued to deepen its global presence across multiple dimensions, including global exhibitions, strategic cooperation, customer expansion and industry recognition, with its industry influence and market share continuing to expand. (i) Success at Two Major Exhibitions Demonstrating Brand Strength: In April 2026, the Company simultaneously participated in MODEX 2026 in the United States and LogiMAT 2026 in Germany, two of the world ’s leading logistics exhibitions. The Company brought its “Geekplus Brain ” embodied intelligence and comprehensive robotics platform to the core European and US markets, showcasing to global customers the complete technological pathway and commercial value of end-to-end unmanned warehouses. The Company received extensive attention and high recognition, further consolidating its brand image as a global leader in warehouse robotics. 3 Profit refers to adjusted net profit (non-IFRS measure)
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4 (ii) Continuous expansion of strategic cooperation: In May 2026, the Company entered into strategic cooperation with a leading industrial storage and automation solution provider in Latin America, empowering the development of next-generation supply chains in Latin America through integrated software and hardware capabilities and bringing its mature warehouse automation solutions and embodied intelligence technologies to the Latin American market. During the same period, the Company cooperated with a leading international logistics service provider serving the luxury fashion industry to develop an intelligent logistics solution for the luxury fashion industry in Hong Kong ’s high- density urban environment, doubling operational productivity. Meanwhile, the Company entered into in-depth cooperation with a world-renowned automobile manufacturer, deploying mobile AMRs across several of its factories to support fully unmanned intra- factory transportation throughout the entire process from inbound receiving to picking, further deepening its penetration into manufacturing scenarios. (iii) Repeated recognition by authoritative international awards: In May 2026, the Company ’s self-developed robotic arm picking workstation won the RBR50 Robotics Innovation Award, a prestigious global robotics industry award, making the Company the Chinese enterprise with the highest number of such awards. During the same period, the Company was named among the “TOP50 Leading Embodied Intelligence Enterprises in China ” in the 2026 LeadeRobot ranking and won the “Humanoid Robot Scenario Development Award ”, demonstrating the industry ’s high recognition of the Company ’s technological innovation and deep cultivation of application scenarios in the field of embodied intelligence. IV. LEADING INNOVATION IN EMBODIED INTELLIGENCE In the first half of 2026, the Company achieved a series of breakthroughs in embodied intelligence technologies across key technologies and products, including general-purpose humanoid robots and a dual-brain architecture framework, further consolidating its global leadership in embodied intelligence for warehousing. (i) Official launch of a general-purpose humanoid robot: In February 2026, the Company officially launched Gino 1, a warehouse-native general-purpose humanoid robot. Equipped with a fast-slow coordination system, the robot can efficiently perform multiple tasks including picking, box handling, packing and inspection. This marked the Company ’s commercialization breakthrough in complete wheeled humanoid embodied robots, providing global customers with embodied intelligence capabilities that “truly get work done ”. (ii) Comprehensive upgrade of the unmanned warehouse solution: In March 2026, the Company officially launched RoboShuttle V5, its next-generation Tote-to-Person embodied intelligence picking solution. The solution natively integrates robotic arm picking workstations into the RoboShuttle system platform and, through a single software system, drives intelligent multi-robot collaboration among the mobile robot product matrix, robotic arm picking workstations and general-purpose humanoid robots, achieving fully unmanned, 24/7 end-to-end automated picking operations covering the entire process from storage, picking, buffering, transportation to outbound handling.
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5 V. AUTHORITATIVE RECOGNITION OF ESG PRACTICES Guided by high-standard ESG (Environmental, Social and Governance) principles, the Company continues to advance green and sustainable development. In May 2026, the Company ’s ESG progress was recognized by Forbes China, demonstrating the Company ’s social responsibility in leading global intelligent logistics through green technologies. The Company will continue to deepen its ESG strategy, work together with global partners to build an intelligent, green, inclusive and win-win logistics ecosystem, and contribute to global sustainable development. BUSINESS OUTLOOK As the pace of globalisation accelerates and the Company continues to deepen its overseas market presence and localised operations, the Company will remain driven by AI and promote continuous business growth around three major growth engines: unleashing the long-term growth potential of subscription-based services through AI agent empowerment; leading rapidly growing emerging sectors with breakthrough new products; and accelerating the large-scale deployment of end-to-end unmanned warehouse solutions through embodied intelligence technologies. The Company will further tap into the full-lifecycle value of customers, continue to lead the intelligent transformation of the global warehousing and logistics industry, and ultimately create sustainable long-term value for customers and shareholders. I. UNLEASH THE LONG-TERM GROWTH POTENTIAL OF INTELLIGENT SUBSCRIPTION-BASED SERVICES The Company will continue to advance the AI empowerment of its IOP intelligent operations platform to provide customers with intelligent services covering the entire warehouse operation process, promoting the transformation of customers ’ warehouse operations towards “data-driven ” and “intelligent decision-making ”. Leveraging the global business network built through serving over 1,000 customers and cumulative shipments of over 81,000 robots, the Company will continue to expand the customer coverage of its intelligent warehousing services, extend its business model from one-off project delivery towards subscription-based services, continuously enhance customer stickiness and drive rapid growth in service revenue. II. INNOVATIVE PRODUCTS OPEN UP GROWTH OPPORTUNITIES IN EMERGING SCENARIOS In August, the Company officially launched its next-generation product, RoboShuttle Hyper (climbing-type Tote-to-Person solution), which is designed for scenarios such as micro- fulfillment centers (MFCs) requiring high traffic and extreme throughput. The solution achieves significant improvements in system throughput and workstation efficiency, further expanding the application boundaries of Tote-to-Person technology and demonstrating the Company ’s leading capabilities in the AMR Tote-to-Person sector, thereby maintaining its industry leadership.
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6 According to Research and Markets, the MFC market is expected to grow from US$13.13 billion in 2026 to US$55.18 billion in 2030, representing a compound annual growth rate (CAGR) of 43.2%. With the continued growth of instant retail, omnichannel fulfillment and urban warehousing and distribution demand, MFCs are expected to become an important incremental market in the warehouse automation sector, creating new growth opportunities for the Company. I I I . ACCELERATE THE LARGE-SCALE DEPLOYMENT OF EMBODIED INTELLIGENCE UNMANNED WAREHOUSE SOLUTIONS In July 2026, the Company debuted its Gravity “dual-brain ” framework at the World Artificial Intelligence Conference (WAIC 2026) and concurrently launched the Gravity 4D World Action Model, enabling robots to understand and predict the real physical world. Through multimodal data learning, 4D world modeling and model engineering optimization, while ensuring real-time operational efficiency and stability, the model continuously enhances the embodied intelligence brain ’s physical intuition, environmental adaptability and task generalization capabilities, providing a solid technological foundation for commercialization. The Company will comprehensively advance the commercial deployment of embodied intelligence technologies and the Gino 1 wheeled humanoid robot. With the embodied intelligence brain at its core, the Company will promote collaborative operations among AMRs, robotic arm picking workstations and humanoid robots, developing end-to-end unmanned warehouse solutions covering “storage, picking, handling and inspection ”. Leveraging the advantages of its global customer network, the Company aims to achieve cumulative shipments of over 10,000 units in the next three years. Meanwhile, the Company will further expand its business boundaries from warehouse fulfillment into scenarios such as manufacturing and retail stores, enhancing its full-scenario coverage capabilities and strengthening long-term customer stickiness.
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7 MANAGEMENT DISCUSSION AND ANALYSIS The following table sets forth the comparative figures for the six months ended June 30, 2026 and the six months ended June 30, 2025: Six months ended June 30, 2026 (unaudited) 2025 (unaudited) (RMB in thousands) Revenue 1,283,899 1,024,722 Cost of sales (824,006) (664,808) Gross profit 459,893 359,914 Research and development expenses (187,869) (147,154) Selling and marketing expenses (277,274) (240,216) Administrative expenses (99,394) (134,754) Other income and loss, net (55,014) 85,761 Impairment loss recognized on trade receivables (16,037) (5,713) Profit (loss) from Operations (175,695) (82,162) Finance costs (2,721) (7,164) Changes in the carrying amount of redemption liabilities 21,163 Share of profits of an associate 5,248 21,586 Profit (loss) before taxation (173,168) (46,577) Income tax (3,366) (1,379) Profit (loss) for the period (176,534) (47,956) Revenue Revenue increased by approximately 25.3% from approximately RMB1,024.7 million for the six months ended June 30, 2025 to approximately RMB1,283.9 million for the six months ended June 30, 2026. The following table sets forth the breakdown of revenue by our services provided for the periods indicated:
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8 Revenue Six months ended June 30, 2026 (unaudited) 2025 (unaudited) (RMB in thousands) Segment Revenue Sale of robotics solutions – Warehouse fulfilment 1,201,553 93.6% 962,455 93.9% – Industrial material transport 82,221 6.3% 61,195 6.0% Subtotal 1,283,774 99.9% 1,023,650 99.9% Others 125 0.1% 1,072 0.1% Total 1,283,899 100% 1,024,722 100.0% Revenue generated from our robotics solutions includes the design, sales, installation and commissioning of robotics solutions with integrated hardwares and software, which increased from approximately RMB1,023.7 million for the six months ended June 30, 2025 to approximately RMB1,283.8 million for the six months ended June 30, 2026, representing an increase of approximately 25.3%. The increase was primarily due to the large-scale sales of the Company ’s robotics solutions, continuous upgrading of its standardization capabilities, and the growth in revenue from subscription-based services, which together fueled high-quality revenue growth. Cost of sales Six months ended June 30, 2026 (unaudited) 2025 (unaudited) (RMB in thousands) Segment Cost Sale of robotics solutions 799,338 97.0% 636,200 95.7% Write-down of inventories 23,919 2.9% 25,883 3.9% Others 749 0.1% 2,725 0.4% Total 824,006 100% 664,808 100.0% The cost of sales of sale of robotics solutions increased from approximately RMB636.2 million for the six months ended June 30, 2025 to approximately RMB799.3 million for the six months ended June 30, 2026, representing an increase of approximately 25.6%. The increase was primarily due to the increase in the robotics solutions business.
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9 Gross profit and gross profit margin The Group ’s overall gross profit increased from RMB359.9 million for the six months ended June 30, 2025 to RMB459.9 million for the six months ended June 30, 2026, primarily due to the growth in revenue from the robotics solutions business and effective cost control. The Group ’s overall gross margin increased from 35.1% for the six months ended June 30, 2025 to 35.8% for the six months ended June 30, 2026, while the gross margin from regions outside Chinese Mainland remained stable at 46.2% during the same periods, primarily due to effective cost management, including the Company ’s comprehensive control over the entire supply chain. Research and development expenses The Group ’s research and development expenses increased from approximately RMB147.2 million for the six months ended June 30, 2025 to approximately RMB187.9 million for the six months ended June 30, 2026, including RMB44.5 million invested in embodied intelligence R&D, primarily due to increased investment in the research of new technologies such as embodied intelligence. Selling and marketing expenses The Group ’s selling and marketing expenses increased from approximately RMB240.2 million for the six months ended June 30, 2025 to approximately RMB277.3 million for the six months ended June 30, 2026, primarily driven by increased resource investment in overseas business expansion, such as the establishment of localized teams and increased marketing, exhibition and travel expenses. Administrative expenses The Group ’s administrative expenses decreased from approximately RMB134.8 million for the six months ended June 30, 2025 to approximately RMB99.4 million for the six months ended June 30, 2026. The decrease was primarily due to the higher professional service and other consulting fees incurred in the same period of 2025 in preparation for the Hong Kong initial public offering (IPO). Other income and loss, net Other income and loss, net decreased from the gains of approximately RMB85.8 million for the six months ended June 30, 2025 to the loss of approximately RMB55.0 million for the six months ended June 30, 2026, primarily due to the impact of exchange rates. Profit (loss) from operations Our loss from operations widened from RMB82.2 million for the six months ended June 30, 2025 to RMB175.7 million for the six months ended June 30, 2026. The widening of the loss from operations during the Reporting Period was mainly due to foreign exchange losses in 2026 and increased investment in embodied intelligence R&D.
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10 Finance costs The Group ’s finance costs were RMB2.7 million for the six months ended June 30, 2026, which decreased by RMB4.5 million as compared to RMB7.2 million for the same period of 2025. The decrease was primarily due to the decrease in bank borrowings. Income tax Income tax of the Group increased from RMB1.4 million for the six months ended June 30, 2025 to RMB3.4 million for the six months ended June 30, 2026. The increase was primarily due to the increase in taxable income as compared with the same period last year. Profit (loss) for the period The Group ’s loss for the period widened from RMB48.0 million for the six months ended June 30, 2025 to RMB176.5 million for the six months ended June 30, 2026. The widening of the loss for the period was mainly due to foreign exchange losses and increased investment in embodied intelligence R&D. Non-IFRS Measure: Adjusted Net Loss To supplement our consolidated results which are prepared and presented in accordance with all applicable IFRS Accounting Standards issued by the International Accounting Standards Board (“IFRS Accounting Standards ”), we used adjusted net loss (non-IFRS measure) ( “Adjusted Net Loss”) as additional financial measures, which are not required by, or presented in accordance with IFRS Accounting Standards. We believe that these non-IFRS measures facilitate comparisons of operating performance from year to year and company to company. We believe that these measures provide useful information to investors in understanding and evaluating our consolidated results of operations in the same manner as they help management. However, presentation of adjusted net loss (non-IFRS measure) for the Reporting Period may not be comparable to similarly titled measures presented by other companies. The use of these non-IFRS measures has limitations as an analytical tool, and investors should not consider them in isolation from, or as substitute for analysis of, our results of operations or financial condition as reported under IFRS Accounting Standards. We define adjusted net loss (non-IFRS measure) as loss for the Reporting Period, adjusted for foreign exchange losses (gains) 4, share-based compensation, listing expenses, and changes in the carrying amount of redemption liabilities. Share-based compensation relates to the share-based awards that we grant to participants of our share incentive schemes and is a non-cash expense. Listing expenses relate to our global offering. Changes in the carrying amount of redemption liabilities arise from the shares with special rights that we issued to certain pre-IPO investors in the past. Such special rights have been automatically terminated upon the Listing. Changes in the carrying amount of redemption liabilities are non-cash in nature. Foreign exchange gains and losses are driven by fluctuations in foreign currency exchange rates and do not represent the Group’s core operating performance, business development prospects or cash-generating capability. Excluding such items facilitates investors ’ and management ’s assessment of underlying operating performance and enables comparison of operating performance across different periods and among peer companies. We add back foreign exchange losses (gains) 4, share-based compensation, listing expenses, changes in the carrying amount of redemption liabilities. The following tables reconcile our non-IFRS financial measures with their corresponding figures presented in accordance with IFRS Accounting Standards for the periods indicated. 4 Such changes are non-cash in nature and do not reflect the Company ’s actual operating performance. Adding back such items enables a more accurate reflection of the profitability of the core business.
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11 Six months ended June 30, 2026 (unaudited) 2025 (unaudited) (RMB in thousands) Profit (loss) for the period (176,534) (47,956) Adjusted for: Foreign exchange gains or losses 104,575 (77,389) Equity-settled share-based payment expenses 11,348 26,610 Listing expenses – 30,619 Changes in the carrying amount of redemption liabilities – (21,163) Adjusted net profit (loss) (non-IFRS measure) (60,611) (89,279) For the six months ended June 30, 2026 and 2025, we recorded adjusted net loss (non-IFRS measure) of RMB60.6 million and RMB89.3 million, respectively. The substantial narrowing of the loss of the adjusted net loss (non-IFRS measure) during the Reporting Period was mainly due to the expansion of revenue scale, which drove a significant increase in gross profit, as well as the Company ’s effective cost control. Liquidity, Capital Structure and Financial Resources During the six months ended June 30, 2026, we funded our cash requirements principally through cash generated from our operations and participation in supplier finance arrangements with banks and the raising of loans to cover expected cash demands. As at June 30, 2026, the Group ’s total cash and cash equivalents amounted to RMB2,199.9 million, representing a decrease of approximately RMB774.9 million from approximately RMB2,974.8 million as at December 31, 2025. The decrease in cash and cash equivalents was primarily due to the repayment of bank loans.
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12 The Group continues to adopt a prudent treasury policy and has been regularly and closely monitoring its funding costs and loan maturity profile so as to facilitate refinancing whenever appropriate. As at June 30, 2026, our total borrowings were RMB65.4 million, compared to RMB357.9 million as at December 31, 2025. The decrease was primarily due to the Group ’s continuous optimization of working capital management, which resulted in a significant increase in net cash inflows from operating activities and effectively met the funding needs for daily operations and capital expenditures, thereby enabling the Group to replace part of its external bank borrowings with internally generated operating funds and proactively reduce the scale of interest- bearing liabilities. As at June 30, 2026, all of the Group ’s bank loans were denominated in RMB and interest-bearing at a fixed interest rate. Significant Investments The Group did not make or hold any significant investments with a value of 5% or more of the Group’s total assets during the six months ended June 30, 2026. The Board confirmed that the Group ’s transactions in financial assets during the Reporting Period, on a standalone basis and aggregate basis, did not constitute notifiable transactions under Chapter 14 of the Listing Rules. Material acquisitions and disposals The Group did not have any material acquisitions or disposals of subsidiaries, consolidated affiliated entities, associated companies or joint ventures during the six months ended June 30, 2026. Pledge of assets As at June 30, 2026, none of the Group ’s bank loans were secured by inventories (December 31, 2025: Nil). Future plans for material investment or capital assets As at June 30, 2026, the Group did not have other future plans for material investments or capital assets save as disclosed in the prospectus of the Company dated June 30, 2025 (the “Prospectus ”) in respect of the global offering. Gearing ratio As at June 30, 2026, the Group ’s gearing ratio (i.e., total liabilities divided by total assets, in percentage) was 37.8% (as at December 31, 2025: 40.4%). Foreign exchange exposure With the global expansion of our Group ’s business and the establishment of overseas subsidiaries, our revenue is denominated in US dollars, Euro, Korean Won, and Renminbi, while the proceeds from the initial public offering are denominated in Hong Kong dollars.
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13 The Company has established a system for foreign exchange risk management. On the one hand, a dedicated position has been set up to manage exchange rate risks, with responsibilities for tracking and analysing exchange rate trends, as well as formulating corresponding exchange rate risk management strategies. Additionally, an exchange rate early-warning mechanism has been implemented, relying on information and systems of experts and institutions to issue warnings when exchange rate fluctuations exceed certain thresholds, thereby providing support for proactive management of exchange rate risk. On the other hand, adhering to the “risk-neutral ” management principle, the Company will employ reasonable hedging instruments such as forward contracts to lock in portions of its risk exposure as and when appropriate. At the same time, the transaction costs can be reduced by deepening cooperation with professional financial institutions, including banks. Contingent liabilities As at June 30, 2026, the Group did not have any contingent liabilities (as at December 31, 2025: Nil). Capital commitment As at June 30, 2026, the Group did not have any capital commitment. Public Float Based on the information publicly available to the Company and to the knowledge of the Directors, the Company has maintained sufficient public float as required by the Listing Rules as at the date of this announcement. The Company maintained the minimum level of public float of 25% of its total number of issued Shares. Employees and Remuneration As at June 30, 2026, the Group had a total of 1,176 employees. The following table sets forth the total number of employees by function as at June 30, 2026: Function Number of employees Sales and marketing 551 – Of which: overseas region 413 Research and development 483 General and administrative 84 Supply chain and manufacturing 58 Total 1,176 The total remuneration cost incurred by the Group for the six months ended June 30, 2026 was RMB365.8 million, as compared to RMB348.4 million for the six months ended June 30, 2025.
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14 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED JUNE 30, 2026 (Expressed in Renminbi ( “RMB”)) Six months ended June 30, Note 2026 2025 RMB’000 RMB’000 Revenue 4 1,283,899 1,024,722 Cost of sales (824,006) (664,808) Gross profit 459,893 359,914 Research and development expenses (187,869) (147,154) Selling and marketing expenses (277,274) (240,216) Administrative expenses (99,394) (134,754) Other income and loss, net 5 (55,014) 85,761 Impairment loss recognized on trade receivables (16,037) (5,713) Loss from operations (175,695) (82,162) Finance costs 6(a) (2,721) (7,164) Changes in the carrying amount of redemption liabilities – 21,163 Share of profits of an associate 5,248 21,586 Loss before taxation 6 (173,168) (46,577) Income tax (3,366) (1,379) Loss for the period (176,534) (47,956) Loss attributable to equity shareholders of the Company (176,534) (47,956) Other comprehensive income for the period (after tax): Item that may be reclassified subsequently to profit or loss: Exchange differences on translation of financial statements of overseas subsidiaries (8,084) (22,085) Other comprehensive income for the period (8,084) (22,085) Total comprehensive income for the period attributable to equity shareholders of the Company (184,618) (70,041) Loss per share Basic and diluted (RMB) 7 (0.13) (0.04)
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15 CONSOLIDATED STATEMENT OF FINANCIAL POSITION At June 30, 2026 – unaudited (Expressed in RMB) Note At June 30, 2026 At December 31, 2025 RMB’000 RMB’000 Non-current assets Property, plant and equipment 8 205,230 208,181 Right-of-use assets 25,338 35,264 Intangible assets 68,114 72,141 Interest in an associate 82,660 45,395 Other non-current assets 12,629 6,073 393,971 367,054 Current assets Inventories 9 869,063 803,151 Trade and bill receivables 10 1,113,525 958,208 Contract assets 73,304 52,835 Prepayments and other receivables 11 389,321 236,089 Financial assets measured at fair value through profit or loss 1,224 3,444 Restricted cash 12 118,791 137,370 Time deposits – 180,576 Cash and cash equivalents 13 2,199,917 2,974,842 4,765,145 5,346,515 Current liabilities Trade payables 14 1,084,738 1,137,519 Other payables and accruals 15 252,159 273,761 Contract liabilities 16 427,618 392,904 Bank loans 17 65,400 357,890 Lease liabilities 16,390 18,972 Redemption liabilities – – Provisions 41,067 49,710 Current taxation – – 1,887,373 2,230,756 Net current assets/(liabilities) 2,877,772 3,115,759 Total assets less current liabilities 3,271,743 3,482,813
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16 CONSOLIDATED STATEMENT OF FINANCIAL POSITION At June 30, 2026 (continued) – unaudited (Expressed in RMB) Note At June 30, 2026 At December 31, 2025 RMB’000 RMB’000 Non-current liabilities Lease liabilities 16,876 25,035 Deferred income 29,340 28,788 Other non-current liabilities 17,628 21,304 63,844 75,127 NET ASSETS/(LIABILITIES) 3,207,899 3,407,686 CAPITAL AND RESERVES 18 Share capital 1,337,287 1,337,287 Treasury shares (26,517) Reserves 1,897,129 2,070,399 TOTAL EQUITY/(DEFICIT) ATTRIBUTABLE TO EQUITY SHAREHOLDERS OF THE COMPANY 3,207,899 3,407,686
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17 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY for the six months ended June 30, 2026 – unaudited (Expressed in RMB) Share capital Capital reserve Share-based payments reserve Exchange reserve Accumulated losses Total RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 Note 18a Note 18c Note 18c Note 18c At January 1, 2025 1,159,211 (2,930,939) 82,490 (20,929) (4,538,632) (6,248,799) Changes in equity for the six months ended June 30, 2025: Loss for the period – – – – (47,956) (47,956) Other comprehensive income – – – (22,085) – (22,085) Total comprehensive income – – – (22,085) (47,956) (70,041) Equity settled share-based payment expenses – – 26,610 – – 26,610 At June 30, 2025 and July 1, 2025 1,159,211 (2,930,939) 109,100 (43,014) (4,586,588) (6,292,230) Changes in equity for the six months ended December 31, 2025: Loss for the period – – – – 37,549 37,549 Other comprehensive income 8,706 8,706 Total comprehensive income 8,706 37,549 46,255 Expiry of redemption rights upon the listing of the Company ’s Shares 7,027,463 7,027,463 Issuance of ordinary shares in connection with the Hong Kong Public Offering and the International Offering (net of underwriting commissions and other issuance costs) 178,076 2,432,625 2,610,701 Equity settled share-based payment expenses 15,497 15,497 At December 31, 2025 1,337,287 6,529,149 124,597 (34,308) (4,549,039) 3,407,686
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18 Share capital Treasury shares Capital reserve Share-based payments reserve Exchange reserve Accumulated losses Total RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 Note 18a Note 18b Note 18c Note 18c Note 18c At January 1, 2026 1,337,287 6,529,149 124,597 (34,308) (4,549,039) 3,407,686 Changes in equity for the six months ended June 30, 2026: Loss for the period (176,534) (176,534) Other comprehensive income (8,084) (8,084) Total comprehensive income (8,084) (176,534) (184,618) Repurchase of shares (26,517) (26,517) Non-controlling interests arising from the disposal of subsidiaries Equity settled share-based payment expenses 11,348 11,348 At June 30, 2026 1,337,287 (26,517) 6,529,149 135,945 (42,391) (4,725,573) 3,207,899
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19 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS for the six months ended June 30, 2026 – unaudited (Expressed in RMB) Six months ended June 30, Note 2026 2025 RMB’000 RMB’000 Operating activities Cash used in operations (281,801) (109,217) Tax paid (3,366) (852) Net cash used in operating activities (285,167) (110,069) Investing activities Payments for purchase of property, plant and equipment, intangible assets and other non-current assets (14,939) (59,590) Net (decrease)/increase in time deposits 126,555 – Proceeds from sale of financial assets – Other cash flows arising from investing activities 700 Investments in associates (35,000) – Net cash used in investing activities 76,616 (58,890) Financing activities Proceeds from bank loans 400 403,628 Repayment of bank loans (477,134) (253,993) Repurchase of ordinary shares (11,786) – Other cash flows used in financing activities (13,733) (18,764) Net cash generated from/(used in) financing activities (502,253) 130,871 Net decrease in cash and cash equivalents (710,804) (38,088) Cash and cash equivalents at January 1 2,974,842 635,977 Effect of foreign exchange rate changes (64,121) 27,732 Cash and cash equivalents at June 30 13 2,199,917 625,621
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20 NOTES TO THE UNAUDITED INTERIM FINANCIAL INFORMATION (Expressed in RMB unless otherwise indicated) 1 CORPORATE INFORMATION Beijing Geekplus Technology Co., Ltd. (the “Company ”) was incorporated in the People ’s Republic of China (the “PRC”) on February 3, 2015 as a limited liability company under the Company Law of the PRC. Upon approval by the Company ’s shareholders meeting held on March 22, 2021, the Company was converted from a limited liability company into a joint stock limited liability company. The Company ’s shares were listed on the Main Board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange ”) on July 9, 2025 (the “Listing Date”). The Company and its subsidiaries (together, the “Group ”) are principally engaged in sales of robotics solutions. 2 BASIS OF PREPARATION This interim financial report has been prepared in accordance with the applicable disclosure provisions of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, including compliance with International Accounting Standard ( “IAS”) 34, Interim Financial Reporting, issued by the International Accounting Standards Board ( “IASB”). The interim financial report has been prepared in accordance with the same accounting policies adopted in the 2025 annual financial statements, except for the accounting policy changes that are expected to be reflected in the 2026 annual financial statements. Details of any changes in accounting policies are set out in note 3. The preparation of an interim financial report in conformity with IAS 34 requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses on a year-to-date basis. Actual results may differ from these estimates. This interim financial report contains condensed consolidated financial statements and selected explanatory notes. The notes include an explanation of events and transactions that are significant to an understanding of the changes in financial position and performance of the Group since the 2025 annual financial statements. The condensed consolidated interim financial statements and notes thereon do not include all of the information required for a full set of financial statements prepared in accordance with IFRS Accounting Standards issued by the IASB. 3 CHANGE IN ACCOUNTING POLICIES The Group has not applied any new standard or interpretation that is not yet effective for the current accounting period.
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21 4 REVENUE AND SEGMENT REPORTING (a) Revenue The principal activity of the Group is the sale/provision of robotics solutions. Robotics solutions include the sales, installation and commissioning of robotics products. (i) Disaggregation of revenue Disaggregation of revenue from contracts with customers by major products or service lines is as follows: Six months ended June 30, 2026 2025 RMB’000 RMB’000 Revenue from contracts with customers within the scope of IFRS 15 Disaggregated by major products or service lines Sales of robotics solutions 1,283,774 1,023,650 Others 125 1,072 1,283,899 1,024,722 Six months ended June 30, 2026 2025 RMB’000 RMB’000 Disaggregated by timing of revenue recognition Point in time 1,220,800 994,817 Over time 63,099 29,905 1,283,899 1,024,722 (b) Segment reporting The Group manages its businesses by business lines, in a manner consistent with the way in which information is reported internally to the Group ’s chief operating decision maker ( “CODM”) for the purposes of resource allocation and performance assessment. The Group has one single operating segment and no further analysis of the single segment is presented. (i) Geographic information The following table sets out information about the geographical location of the Group ’s revenue from external customers. The geographical location of customers is based on the location of the customer ’s headquarters, unless the procurement and operational decision-making power and contract negotiation process have been delegated to a local or regional level. Six months ended June 30, 2026 2025 RMB’000 RMB’000 Mainland China 287,958 209,625 Other countries or regions 995,941 815,097 1,283,899 1,024,722
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22 5 OTHER INCOME AND LOSS, NET Six months ended June 30, 2026 2025 RMB’000 RMB’000 Interest income 42,173 6,511 Government grants 7,387 1,652 Investment income (2,247) 502 Net loss on disposal of property, plant and equipment 2,248 – Net foreign exchange gain/(loss) (104,575) 77,389 Others – (293) (55,014) 85,761 6 LOSS BEFORE TAXATION Loss before taxation is arrived at after charging: (a) Finance costs Six months ended June 30, 2026 2025 RMB’000 RMB’000 Interest on bank loans 2,272 6,449 Interest on lease liabilities 449 715 2,721 7,164 (b) Staff costs Six months ended June 30, 2026 2025 RMB’000 RMB’000 Salaries, wages and other benefits 305,960 269,886 Contributions to pension costs, other social security costs and housing benefits 48,511 51,926 Equity-settled share-based payment expenses 11,348 26,610 365,819 348,422 Employees of the Company and its subsidiaries in the PRC are required to participate in a defined contribution retirement scheme administered and operated by the local municipal government. The Company and its subsidiaries in the PRC contribute funds which are calculated on certain percentages of the average employee salary as determined by the local municipal government to the scheme to fund the retirement benefits of the employees. The Group also operates a Mandatory Provident Fund Scheme (the “MPF Scheme ”) under the Hong Kong Mandatory Provident Fund Scheme Ordinance for employees under the jurisdiction of the Hong Kong Employment Ordinance. The MPF Scheme is a defined contribution retirement plan administered by an independent trustee. Under the MPF Scheme, the employer and its employees are each required to make contributions to the plan at 5% of the employees ’ relevant income, subject to a cap of monthly relevant income of HK$30,000. Contributions to the MPF Scheme vest immediately.
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23 All other overseas subsidiaries of the Group are subject to the statutory enterprise contribution retirement schemes under the laws of the respective countries/jurisdictions. The Group has no further material obligation for payment of other retirement benefits beyond the above contributions. (c) Other items Six months ended June 30, 2026 2025 RMB’000 RMB’000 Cost of inventories (Note 9) 738,093 664,808 Depreciation charge – property, plant and equipment 14,116 11,085 – right-of-use assets 10,197 9,287 Amortization cost of intangible assets 3,968 1,107 Increase in provisions 27,963 25,591 Listing expenses – 30,619 7 LOSS PER SHARE (a) Basic loss per share The calculation of basic loss per share is based on the loss attributable to ordinary equity shareholders of the Company of RMB176,534,000 (six months ended June 30, 2025: RMB12,092,000) and the weighted average number of ordinary shares of 1,337,239,000 shares (2025: 792,036,000 shares) in issue during the interim period. Loss for the period attributable to ordinary equity shareholders of the Company Six months ended June 30, 2026 2025 RMB’000 RMB’000 Loss for the period attributable to all equity shareholders of the Company (176,534) (47,956) Allocation of loss for the period attributable to redemption liabilities – 35,864 Loss for the period attributable to ordinary equity shareholders of the Company (176,534) (12,092) Weighted average number of shares Six months ended June 30, 2026 2025 shares ’000 shares ’000 Ordinary shares in issue at January 1 1,337,287 1,159,211 Effect of ordinary shares with redemption rights – (866,922) Treasury shares (48) – Weighted average number of ordinary shares in issue at June 30 1,337,239 292,289 (b) Diluted loss per share During the six months ended June 30, 2026 and 2025, ordinary shares with redemption rights were not included in the calculation of diluted loss per share, as their inclusion would have been anti-dilutive.
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24 Accordingly, diluted loss per share was the same as basic loss per share for the six months ended June 30, 2026 and 2025. 8 PROPERTY, PLANT AND EQUIPMENT Acquisitions and disposals of owned assets During the six months ended June 30, 2026, the Group acquired items of property, plant and equipment with a cost of RMB11,878,000 (six months ended June 30, 2025: RMB19,576,000). Items of property, plant and equipment with a net book value of RMB411,000 were disposed of during the six months ended June 30, 2026 (six months ended June 30, 2025: RMB796,000), resulting in a loss on disposal of RMB2,198,000 (six months ended June 30, 2025: RMB554,000). 9 INVENTORIES At June 30, 2026 At December 31, 2025 RMB’000 RMB’000 Finished goods 753,753 722,324 Work in progress 28,053 18,345 Raw materials 274,995 212,137 Less: write-down of inventories (187,738) (149,655) 869,063 803,151 The analysis of the amount of inventories recognized as an expense and included in profit or loss is as follows: Six months ended June 30, 2026 2025 RMB’000 RMB’000 Carrying amount of inventories sold 714,174 638,925 Write-down of inventories 23,919 25,883 738,093 664,808 10 TRADE AND BILL RECEIVABLES At June 30, 2026 At December 31, 2025 RMB’000 RMB’000 Bills receivables 1,328 2,990 Trade receivables – Amounts due from a related party (Note 21(iv)) – – – Amounts due from third parties 1,210,826 1,037,977 Gross amount of trade and bills receivables 1,212,154 1,040,967 Less: loss allowance (98,629) (82,759) 1,113,525 958,208
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25 Aging analysis As at the end of the reporting period, the aging analysis of trade and bills receivables of the Group, based on the invoice date and net of loss allowance, is as follows: At June 30, 2026 At December 31, 2025 RMB’000 RMB’000 Within 1 year 936,197 769,208 1 to 2 years 143,144 161,195 2 to 3 years 29,332 20,911 3 to 4 years 4,852 6,894 1,113,525 958,208 All of the trade and bills receivables are expected to be recovered within one year. 11 PREPAYMENTS AND OTHER RECEIVABLES At June 30, 2026 At December 31, 2025 RMB’000 RMB’000 Prepayments for: – Inventories 130,809 35,106 – Service fees 30,491 10,950 – Others 6,640 6,566 167,940 52,622 Deductible input VAT 162,912 130,594 Deposits 18,050 17,150 Interest receivable 9,268 13,036 Others 34,733 26,269 Less: loss allowance (3,582) (3,582) 221,381 183,467 Prepayments and other receivables 389,321 236,089 12 RESTRICTED CASH At June 30, 2026 At December 31, 2025 RMB’000 RMB’000 Restricted cash 118,791 137,370 As at June 30, 2026 and December 31, 2025, restricted cash was held at bank as security deposits mainly for letters of credit, issuance of letters of guarantee or bank acceptance bills.
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26 13 CASH AND CASH EQUIVALENTS At June 30, 2026 At December 31, 2025 RMB’000 RMB’000 Cash at bank 1,293,411 1,853,013 Time deposits and highly liquid investments with initial terms within three months 906,506 1,121,829 2,199,917 2,974,842 As of the end of the reporting period, cash and cash equivalents situated in Chinese Mainland amounted to RMB1,703.2 million (2025: RMB2,734.0 million). Remittance of funds out of Chinese Mainland is subject to relevant rules and regulations of foreign exchange control. 14 TRADE PAYABLES At June 30, 2026 At December 31, 2025 RMB’000 RMB’000 Trade payables due to third parties 1,084,738 1,137,519 As at the end of the reporting period, the aging analysis of trade payables, based on the invoice date, is as follows: At June 30, 2026 At December 31, 2025 RMB’000 RMB’000 Within one year or on demand 1,028,856 1,089,689 Between one year and two years 37,853 35,166 Over two years 18,029 12,664 1,084,738 1,137,519 15 OTHER PAYABLES AND ACCRUALS At June 30, 2026 At December 31, 2025 RMB’000 RMB’000 Payroll and staff related costs payable 70,481 153,657 Payable for services 11,064 11,526 Listing expenses payable 2,372 7,023 Guarantee deposits 244 205 Payables for construction cost 10,965 14,026 Other payables 123,167 74,743 Others 33,866 12,581 252,159 273,761
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27 16 CONTRACT LIABILITIES At June 30, 2026 At December 31, 2025 RMB’000 RMB’000 Contract liabilities 427,618 392,904 The Company expects that all of its contract liabilities during the reporting period will be recognized as revenue within 1 year. 17 BANK LOANS (a) As at the end of the reporting period, borrowings were secured as follows: At June 30, 2026 At December 31, 2025 RMB’000 RMB’000 Bank loans – Guaranteed by one of the controlling shareholders of the Company – – – Secured (Note 9) – – – Unsecured 65,400 357,890 65,400 357,890 (b) As at the end of the reporting period, borrowings were repayable as follows: At June 30, 2026 At December 31, 2025 RMB’000 RMB’000 Within 1 year or on demand 65,400 357,890 As at December 31, 2025 and June 30, 2026, all of the Group ’s borrowings were denominated in RMB, with annual interest rates ranging from 2.20% to 3.30% and from 1.90% to 2.30%, respectively. All of such bank loans were fixed-interest borrowings. 18 CAPITAL, RESERVES AND DIVIDENDS (a) Share capital 2026 2025 Number of original shares Share capital Number of original shares Share capital ’000 RMB’000 ’000 RMB’000 At January 1 1,337,287 1,337,287 1,159,211 1,159,211 H Share initial public offering (Note) – – 178,076 178,076 Balance at June 30 1,337,287 1,337,287 1,337,287 1,337,287
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28 Note: On July 9, 2025, the Company was listed on the Main Board of the Stock Exchange and issued 161,405,800 H shares with a par value of RMB1 each at HK$16.80 per H share. On August 6, 2025, an additional 16,669,800 H shares were issued pursuant to the over-allotment option at HK$16.80 per H share. Proceeds of RMB178,075,600, representing the par value, were credited to the Company ’s share capital. The remaining proceeds, equivalent to RMB2,432,625,000 after deduction of share issuance expenses, were credited to the share premium under the capital reserve. (b) Treasury shares On June 22, 2026, the board of directors of the Company approved a share repurchase plan to repurchase Class B H Shares on-market, representing no more than 10% of the total number of issued shares of the Company (excluding treasury shares) as at the date of the annual general meeting held on May 26, 2026. During the period ended June 30, 2026, the Company repurchased 2,620,000 of its own Class B H Shares from the market, all of which remained uncancelled as at June 30, 2026. The repurchased shares were acquired at an aggregate consideration of HK$30,450,000 (excluding transaction costs) and recorded as treasury shares. (c) Nature and purpose of reserves (i) Capital reserve The capital reserve comprises: (i) the differences between the net considerations received and the nominal amount of shares issued by the Company; (ii) the differences between the net assets received and the total amount of the par value of shares issued in relation to the conversion into a joint stock limited liability company; and (iii) the amounts in relation to the recognition of the redemption liabilities. (ii) Share-based payment reserve The share-based payment reserve comprises the Company ’s equity-settled share-based payments. (iii) Exchange reserve The exchange reserve comprises all relevant exchange differences arising from the translation of the financial statements of operations with functional currencies other than RMB. (d) Dividends No dividends were paid by the companies comprising the Group during the reporting period. The Company did not declare and pay any dividends since its incorporation. 19 COMMITMENTS The Group did not have any capital commitments as at December 31, 2025 and June 30, 2026. 20 MATERIAL RELATED PARTY TRANSACTIONS The material related party transactions entered into by the Group during the reporting period and the balances with related parties at the end of the reporting period are set out below. (i) Key management personnel remuneration Key management personnel are those persons holding positions with authority and responsibility for planning, directing and controlling the activities of the Group, directly or indirectly, including the Company ’s directors. Remuneration for key management personnel of the Group, including amounts paid to the Company ’s directors and certain of the highest paid employees, is as follows:
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29 Six months ended June 30, 2026 2025 RMB’000 RMB’000 Short-term employee benefits 4,738 2,424 Retirement scheme contributions 289 297 Equity-settled share-based payment expenses 8,281 15,563 13,308 18,284 Total remuneration is included in “staff costs ” (see Note 6(b)). (ii) Material related parties and the relationship The related party that had transactions with the Company and its subsidiaries is as follows: Name of related party Relationship with the Group Geekplus Co., Ltd. Entity significantly influenced by the Company (iii) Transactions with related parties The Group entered into the following material related party transactions during the reporting period: Six months ended June 30, 2026 2025 RMB’000 RMB’000 Sales of goods – Geekplus Co., Ltd. 47,033 49,466 (iv) Balances with related parties as at the end of the reporting period At June 30, 2026 At December 31, 2025 RMB’000 RMB’000 Contract liabilities – Geekplus Co., Ltd. (16,289) (16,172) All of the balances with related parties are trade in nature. 21 NON-ADJUSTING EVENTS AFTER THE REPORTING PERIOD There were no material subsequent events after June 30, 2026.
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30 OTHER INFORMATION Purchase, Sale or Redemption of the Company ’s Listed Securities During the six months ended June 30, 2026, the Company has repurchased a total of 2,620,000 shares on the Stock Exchange with an aggregate amount of HK$30,454,541. As at June 30, 2026, the Company holds 2,620,000 treasury shares. Subsequently, the Company has repurchased a total of 16,216,600 Shares and held as treasury shares at an aggregate consideration of HK$164,376,594 in July 2026. Details of the shares repurchased during the six months ended June 30, 2026 are set out as follows: Month of repurchase No. of shares repurchased by the Company Price per share Aggregate consideration paid Highest (HK$) Lowest (HK$) (HK$) June 2026 2,620,000 12.25 10.90 30,454,541 The Board considers that the current trading price of the Shares does not reflect their intrinsic value. The Board believes that the Share repurchases reflected the Company ’s confidence in its long-term business prospects and would ultimately benefit the Company and create value for the Shareholders. The Board also believes that the Company ’s strong financial position will enable it to conduct the Share repurchases while maintaining a solid financial position for the continuation of the Company ’s business and growth in the current financial year. Save as disclosed above, neither the Company nor any of its subsidiaries purchased, sold or redeemed any of the Company ’s listed securities during the Reporting Period. Use of Proceeds from Global Offering The Company was listed on the Main Board of the Stock Exchange on July 9, 2025 (the “Listing Date ”) and issued 161,405,800 H shares, and subsequently issued 16,669,800 H shares on August 6, 2025 as a result of the partial exercise of the over-allotment option. After deducting the underwriting fees and relevant expenses, net proceeds from the listing (the “Net Proceeds ”) amounted to approximately HK$2,813.8 million (equivalent to approximately RMB2,570.5 million). The Group has and will continue to utilize the Net Proceeds in accordance with the purposes set out in the section headed “Future Plans and Use of Proceeds ” in the Prospectus. As at June 30, 2026, the Group had utilised the proceeds as set out in the table below: Items Percentage Net proceeds from the IPO Amount utilised as at December 31, 2025 Amount utilised as at June 30, 2026 Unutilized amount as at June 30, 2026 Expected timetable for full utilisation of unutilized proceeds (1) % (HK$ in millions) (HK$ in millions) (HK$ in millions) (HK$ in millions) Research and Development and Product Iteration 40.0 1,125.5 179.1 175.8 770.6 By December 2030 Sales and Service Network Expansion 20.0 562.7 108.2 130.4 324.1 By December 2030 Supply Chain Development 15.0 422.1 46.4 63.3 312.4 By December 2030 Digital Management, Data Security, and Cyber 15.0 422.1 22.4 31.1 368.6 By December 2030 Working Capital and General Corporate Purposes 10.0 281.4 155.0 53.7 72.7 By December 2030 Total 100.0 2,813.8 511.1 454.3 1,848.4 Note: 1. The expected timeline for the utilization of unutilized net proceeds set out in the table above represents the Group’s best estimates based on the anticipated market conditions, which may be subject to change in response to current and future market developments.
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31 The Company has placed the unutilized net proceeds in interest-bearing accounts of licensed commercial banks or financial institutions in China or Hong Kong. The Company will comply with the laws of China in relation to foreign exchange registration and remittance of the proceeds. For further details, please refer to the section headed “Future Plans and Use of Proceeds ” in the Prospectus. Compliance with the Corporate Governance Code The Company is committed to maintaining and promoting stringent corporate governance standards. The principles of the Company ’s corporate governance are to promote effective internal control measures and to enhance the transparency and accountability of the Board to all shareholders. The Company has adopted the Corporate Governance Code (the “CG Code ”) as set out in Part 2 of Appendix C1 to the Rules Governing the Listing of Securities (as amended from time to time) (the “Listing Rules ”) on the Stock Exchange to the extent applicable. Since the listing date and up to the date of this announcement, save for code provision C.2.1 of the CG Code as described below, the Company has complied with all the applicable code provisions set out in the CG Code to the extent applicable. Pursuant to code provision C.2.1 of the CG Code, companies listed on the Stock Exchange are expected to comply with, but may choose to deviate from the requirement that the responsibilities between the chairman and the chief executive officer should be segregated and should not be performed by the same individual. The Company does not have a separate chairman and chief executive officer and Mr. Zheng Yong currently performs the roles of the chairman of our Board and an executive Director. Mr. Zheng has assumed the role of chief executive officer of our Company since our establishment. He has extensive experience in the business operations and management of our Group. Our Board believes that, in view of his experience, personal profile and his roles in our Company as mentioned above, Mr. Zheng is the Director best suited to identify strategic opportunities and focus of the Board due to his extensive understanding of our business as our general manager. The Board also believes that vesting the roles of both chairman and chief executive officer in the same person has the benefit of (i) ensuring consistent leadership within the Group, (ii) enabling more effective and efficient overall strategic planning and execution of strategic initiatives of the Board, and (iii) facilitating the flow of information between the management and the Board for the Group. The Board considers that the balance of power and authority for the present arrangement will not be impaired, and this arrangement will enable the Company to make and implement decisions promptly and effectively. In addition, all major decisions are made in consultation with members of the Board, including the relevant Board committees and our four independent non-executive Directors. The Board will continue to review and consider splitting the roles of chairman of the Board and chief executive officer of the Company at a time when it is appropriate by taking into account the circumstances of the Group as a whole.
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32 Audit Committee The Audit Committee (comprising one non-executive Director and two independent non-executive Directors, namely, Mr. Chen Shaohua, Mr. Han Yu and Mr. Xia Zhijin) has reviewed the unaudited interim results of the Group for the six months ended June 30, 2026. The Audit Committee has also discussed matters with respect to the accounting policies and practices adopted by the Company and internal control with senior management members. Material Litigation As at June 30, 2026, the Company was not involved in any material litigation or arbitration nor were the Directors aware of any material litigation or claims that were pending or threatened against the Company. Interim Dividend The Board has resolved not to declare an interim dividend for the six months ended June 30, 2026. Events after the Reporting Period Resignation and re-designation of non-executive Director Mr. Chan Wo Kong, formerly a non-executive Director, resigned from the Board with effect from July 27, 2026. Mr. Liu Kai, formerly an executive Director, was re-designated as a non-executive Director, with effect from 28 August 2026. For details, please refer to the announcements of the Company dated 27 July 2026 and 28 August 2026. Adoption of Share Award Scheme The Company adopted a share award scheme (the “Share Award Scheme ”) on July 21, 2026. The Share Award Scheme is to (i) recognise and reward the contribution of certain eligible participants to the growth and development of the Group and to incentivise and motivate them to further contribute towards the growth and expansion of the Group by providing them with the opportunity to acquire equity interests in the Company; and (ii) attract suitable personnel for further development of the Group. Eligible participants of the Share Award Scheme include employee participants, service provider participants and related entity participants. For further details, please refer to the circular of the Company dated June 30, 2026. Since the adoption of the Share Award Scheme, no share awards was granted, vested, exercised, cancelled or lapsed under the Share Award Scheme. As at the date of this announcement, the total number of award shares available for future grant under the scheme mandate and the service provider sublimit of the Share Award Scheme were 124,009,091 H shares and 12,400,909 H shares, respectively. Save as disclosed above, there was no other significant event that might affect the Group after June 30, 2026 and up to the date of this announcement.
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33 Publication of the Interim Results Announcement and Interim Report This interim results announcement has been published on the website of the Stock Exchange at www.hkexnews.hk and the website of the Company at www.geekplus.com. The interim report of the Company will be published on the aforesaid websites of the Stock Exchange and the Company and will be dispatched to the Company ’s shareholders (if requested) in due course. By order of the Board Beijing Geekplus Technology Co., Ltd. Zheng Yong Chairman of the Board, Executive Director and Chief Executive Officer Beijing, August 28, 2026 As at the date of this announcement, the Board comprises (i) Mr. Zheng Yong, Mr. Li Hongbo and Mr. Chen Xi as executive Directors; (ii) Mr. Liu Kai, Mr. Xia Zhijin, Mr. Bai Jin and Mr. Li Ke as non-executive Directors; and (iii) Ms. Chen Chen, Mr. Liu Dacheng, Mr. Chen Shaohua and Mr. Han Yu as independent non-executive Directors.