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On March 12, UBTECH Robotics Corp. Ltd. (09880.HK) announced that all conditions precedent to the payment of the first installment of the share transfer agreement have been fulfilled, including the Shenzhen Stock Exchange's issuance of a Confirmation Letter for the Transfer of Shares on March 10, 2026. Furthermore, on March 11, 2026, China Securities Depository and Clearing Corporation Limited (CSDC) has registered all the sale shares to the Company's A-share securities account, and on March 12, 2026, it has provided the Company with a Confirmation Letter for Securities Transfer Registration. Therefore, as of the date of this announcement, the Group holds 29.99% of the equity interest in the target company and has become its controlling shareholder (taking into account the sellers' waiver of voting rights related to the pre-accepted shares as detailed in the circular).

On March 12, President Xi Jinping signed Presidential Decrees No. 70, 71, 72, and 73. Decree No. 70 states that the "Ecological and Environmental Law of the People's Republic of China," adopted at the Fourth Session of the 14th National People's Congress on March 12, 2026, is hereby promulgated and will come into effect on August 15, 2026. Decree No. 71 states that the "Law of the People's Republic of China on Promoting National Unity and Progress," adopted at the Fourth Session of the 14th National People's Congress on March 12, 2026, is hereby promulgated and will come into effect on July 1, 2026. Decree No. 72 states that the "Law of the People's Republic of China on National Development Planning," adopted at the Fourth Session of the 14th National People's Congress on March 12, 2026, is hereby promulgated and will come into effect on the date of promulgation. Presidential Decree No. 73 states that, in accordance with the "Decision of the Fourth Session of the Fourteenth National People's Congress on Approving the Report of the Standing Committee of the National People's Congress on the Work of Legal Review and the Handling of Relevant Laws and Decisions," adopted on March 12, 2026, the "Law of the People's Republic of China on Industrial Enterprises Owned by the Whole People" is repealed and is hereby promulgated.

European Commission spokesperson: The implementation of the US-EU trade agreement should continue.

A spokesperson for the European Commission stated that they remain prepared to engage in constructive dialogue with the United States.

Market news: Palantir and Nvidia have joined forces to create a reference for a sovereign AI operating system.

The Ministry of Industry and Information Technology (MIIT) has publicly solicited opinions on 83 industry standard projects, including the "Technical Requirements for the Capabilities of Intelligent Agents in Artificial Intelligence Product and Service Search".

Market news: Local government officials said 51 crew members have been rescued after an oil tanker was attacked near Iraq.

India's Petroleum Minister: LPG production has increased by 28% in the past five days.

India's oil minister says the country is seeking tanker cargoes from the United States, Norway, Canada, Algeria, and Russia.

On March 12th, Southern Asset Management Co., Ltd. issued an announcement stating that the secondary market trading price of its Southern Crude Oil Securities Investment Fund Class A shares (ticker symbol: Southern Crude Oil; Southern Crude Oil LOF, trading code: 501018) has fluctuated significantly. Investors are advised to closely monitor the fund's net asset value per share. Investors are specifically reminded to pay attention to the risk of premium in the secondary market trading price; blindly investing in fund shares with high premium rates may result in significant losses.

The letter shows that U.S. Democratic Senator Cantwell stated that previous drone incidents in Texas exposed the flying public to "unacceptable safety risks."

India's Petroleum Minister: Gasoline and diesel supplies are fully guaranteed.

India's oil minister: Non-Hormoz crude oil purchases have increased to 70% of imports.

The Central Bank of Türkiye kept its one-week repo rate unchanged at 37%, in line with market expectations.

On March 12, Guoquan (02517.HK) announced on the Hong Kong Stock Exchange that its revenue in 2025 will be RMB 7.81 billion, a year-on-year increase of 20.7%; and its net profit in 2025 will be RMB 454 million, a year-on-year increase of 88.2%.

March 12th - Industry sources have learned that some banks have received risk warnings from regulatory agencies regarding OpenClaw (commonly known as "Lobster"). The warnings state that early versions of OpenClaw contain multiple security vulnerabilities that could be exploited. Attackers could gain higher-level authorization without proper system access, execute remote code, and obtain sensitive system data. All departments are urged to monitor the use of related products and the extent of impact, and to promptly update, patch, and eliminate security vulnerabilities and risks.

Russian Foreign Ministry Spokesperson: The out-of-control and escalating conflict with Iran is deeply worrying.

Russian Foreign Ministry Spokesperson: Russia continues to take measures to end the confrontation in the Middle East.

On March 12, Kremlin spokesman Dmitry Peskov stated that interaction between Russia and the United States in the energy market is a factor in market stability, and this issue is being discussed in bilateral dialogues, but it is too early to talk about the effectiveness of such interaction. When asked whether the lifting of oil sanctions and cooperation in the energy market were discussed during the meeting between Russian Presidential Special Representative Dmitriev and US representatives in Florida, Peskov said, "Interaction between Russia and the United States, including in the energy market, can and should be an important factor in stabilizing these markets." He added, "It is too early to talk about any form of effective interaction, but this issue is indeed being discussed."