Aishida Co., Ltd. announced that the Equipment Procurement Framework Cooperation Agreement signed between its controlling subsidiary Zhejiang Qianjiang Robot Co., Ltd. and Anhui Honglu Steel Structure Group Co., Ltd. expired on September 2, 2026. During the agreement period, Honglu Steel Structure actually purchased a total of 920 related industrial robot products, representing 49% of the originally planned 1,888 units. The fulfillment progress fell short of expectations because the customer adjusted its product planning in response to changes in the external market environment. Cooperation between the two parties is proceeding normally, with a certain procurement and delivery pace maintained every month, and they will continue to fulfill the framework agreement. The company stated that the amount involved accounts for a relatively low proportion of its revenue in the previous year, will not have a material adverse impact on operating performance or financial condition, and does not constitute a breach of contract.
Zhejiang Aishida Electric Co LtdIts controlling subsidiary Qianjiang Robot's framework agreement with Honglu Steel Structure expired with only 920 of 1,888 planned robots purchased (49%), as the customer cut its product planning.
Anhui Honglu Steel Construction Group Co LtdHonglu Steel Structure purchased only 920 of the 1,888 planned welding robots, adjusting its product planning amid external market changes, though it continues normal procurement.
Qianjiang Robot's equipment procurement framework agreement with Honglu Steel Structure expired with only 49% of the planned 1,888 industrial robots actually purchased.
