DA Tech Adds New Business Objectives for Robots and Natural Graphite as New Growth Engines

Temporary General Meeting on the 26th of Next Month... Proposal for Articles of Incorporation Amendment

DA Technology announced on the 12th that it will hold an extraordinary general meeting of shareholders on the 26th of next month to propose an amendment to the articles of incorporation to add new business purposes. The appointment of a new board of directors to support the related businesses will also be conducted simultaneously.

Through the amendment of the articles of incorporation, the company will add business purposes including ▲manufacturing, sales, and service of intelligent robots and components ▲manufacturing, sales, and service of industrial robots and components ▲robot leasing ▲domestic and international maritime transport, processing, and sales of minerals.

The strategy is to solidify the foundation for sustainable growth based on its core secondary battery business and new businesses in robotics and mineral distribution. DA Technology, which recorded record-high orders and sales last year, plans to establish a full-scale turnaround foundation this year by diversifying its profit structure through expanding orders in the secondary battery business as well as new businesses in robotics and natural graphite distribution.

In November last year, DA Technology partnered with China’s YOGO Robot to promote the domestic and international sales of intelligent autonomous delivery robots and the development of batteries for robots. At the end of last year, samples of intelligent autonomous delivery robots, including food delivery robots, courier, and parcel delivery robots, shipped from China passed customs and are currently undergoing ▲pilot operation and testing ▲disassembly and analysis for robot battery development in Korea.

Recently, the company signed an exclusive contract with Vietnam Graphite Group (VGG) for the import and sale of natural graphite and is discussing collaboration with related domestic companies. After further discussions, the company plans to support the diversification of the domestic graphite supply chain through joint investment in graphite production and refining facilities in Vietnam.

A company official stated, “Recently, governments and major corporations worldwide have designated robots as future growth engines and are expanding investments, while China’s resource hegemony has become severe, making the decoupling of critical mineral resources from China an urgent task. DA Technology has been dedicated to discovering new businesses for a new leap forward, including the non-rare-earth permanent magnet business, robotics business, and natural mineral distribution since last year.”

He added, “This year, we expect to continue the record-high order streak in the core secondary battery business following last year. We plan to strengthen the company’s competitiveness and scale through the full-scale launch of the robotics and natural mineral distribution businesses.”

This content was produced with the assistance of AI translation services.