[Utree Technology Employee Asset Management Plan to Participate in IPO Strategic Placement, Wang Xingxing Subscribes for 15 Million] BlockBeats News, July 30, China's leading civilian robotics company Utree Technology disclosed its prospectus for the initial public offering of shares and listing on the STAR Market. The company's senior management and core employees plan to participate in this issuance's strategic placement through asset management plans, namely Utree Technology Employee Asset Management Plan No. 1 and Utree Technology Employee Asset Management Plan No. 2. The number of shares involved in the strategic placement will not exceed 10% of the issuance scale, which is 4.044643 million shares. The total subscription amount will not exceed 271.5 million yuan, with the final strategic placement quantity to be determined after the issuance price is finalized. Among them, all funds raised by Utree Technology Employee Asset Management Plan No. 1 will be used for this strategic placement, with the payment amounting to 218.5 million yuan. Similarly, all funds raised by Utree Technology Employee Asset Management Plan No. 2 will be used for this strategic placement, with the payment amounting to 53 million yuan. The list shows that participants in Utree Technology Employee Asset Management Plan No. 1 include 161 individuals, such as CFO Wang Feng, while participants in Utree Technology Employee Asset Management Plan No. 2 include 10 individuals, such as Chairman Wang Xingxing, who subscribed for 15 million yuan. Earlier reports indicated that the preliminary inquiry date for Utree Technology's A-share STAR Market IPO is August 5, and the offline subscription date is August 10.