China: China's Unitree Robotics clears stock market listing review, leading wave of hi-tech listings.

Shotlist FILE: Hangzhou City, Zhejiang Province, east China - Feb 18, 2025 1. Office building of Unitree Robotics FILE: Hangzhou City, Zhejiang Province, east China - Date Unknown 2. Various of Unitree humanoid robots running Shanghai, China - June 1, 2026 3. SOUNDBITE (English) Timothy Pope, market analyst (ending with shots 4-7): "There are a lot of companies in a similar position to Unitree being strategically important in those key sectors for Chinese tech development - embodied AI, semiconductors, aerospace - and many more of these were given quite a lot of prominence in the latest Five-Year Plan. But the problem for a lot of young companies in these sectors is that they reinvest almost everything that they make into R and D, which makes it very difficult for them to list on the stock markets, because there are profit-and-revenue rules governing listing. There are other avenues for those companies, of course, to raise money, but the Chinese government and the stock exchanges are keen to have some of these companies listed and are not necessarily relaxing rules, but sort of opening green channels for these companies in special cases, which want to list on the Shanghai STAR market in particular." FILE: Hangzhou City, Zhejiang Province, east China - Date Unknown 4. Various of Unitree humanoid robots, robot dogs on display 5. Various of Unitree humanoid robots completing various tasks FILE: Shanghai, China - Date Unknown 6. Various of building of Shanghai Stock Exchange, bull statue 7. Various of signs, interior of Shanghai Stock Exchange FILE: Beijing, China - Feb 23, 2026 8. Various of Unitree humanoid robots assembling, demonstrating synchronized Kung Fu moves at Temple of Heaven Shanghai, China - June 1, 2026 9. SOUNDBITE (English) Timothy Pope, market analyst (partially overlaid with shots 10-11): "Aside from Unitree, you mentioned one of the most prominent ones lately has been CXMT, China's flagship memory chip company. This one really is viewed as being, I guess, China's answer to Samsung or Micron, which those two companies really dominate this sector globally. CXMT is planning a 29.5 billion RMB (about 4.4 billion U.S. dollars) IPO. It did pass the committee review last week. So, it is plausible that we will see it come to market in the next couple of months. We do not have a firm listing date yet, nor do we have a sort of price range for the company yet, but it is probable that it will be the biggest A-share IPO this year." SHOTS OVERLAYING SOUNDBITE FILE: Shanghai, China - Date Unknown 10. Animations of memory chips made by Changxin Memory Technologies (CXMT) 11. Graphics showing CXMT's market share, capitalization forecast SHOTS OVERLAYING SOUNDBITE FILE: Hefei City, Anhui Province, east China - May 10, 2024 12. Factory of CXMT FILE: China - Exact Location and Date Unknown 13. Various of interior of chip factory, workers Shanghai, China - June 1, 2026 14. SOUNDBITE (English) Timothy Pope, market analyst: "Another one that's in the middle of the application process is the rocket company LandSpace. Its application is on pause right now while it updates its financials, but it's looking to raise 7.5 billion RMB (about 1.1 billion U.S. dollars) again to fund research and development, in this case of reusable rocket technology." FILE: Jiaxing City, Zhejiang Province, east China - May 1, 2026 15. Aerial shot of building of LandSpace FILE: Northwest China - Dec 3, 2025 16. Various of LandSpace's Zhuque-3 rocket blasting off, flying Shanghai, China - June 1, 2026 17. SOUNDBITE (English) Timothy Pope, market analyst: "So we are seeing the exchanges allow, I guess, what you call a curated selection of promising companies in key sectors into the equity markets. And we can definitely expect this to feed the rally in tech shares as they list throughout this year." FILE: Shanghai, China - Date Unknown 18. Various of sign of Shanghai Stock Exchange 19. Sign of STAR market Storyline Chinese humanoid robot maker Unitree Robotics passed the review of its initial public offering (IPO) application on the country's STAR Market on Monday, according to the Shanghai Stock Exchange. Based in Hangzhou, in east China's Zhejiang Province, Unitree Robotics specializes in the development of high-performance humanoid and quadruped robots, robot components and embodied AI models. It was among the first companies in the world to commercialize high-performance quadruped robots and apply them to industrial scenarios. The company's prospectus states it plans to raise 4.2 billion yuan (about 616.13 million U.S. dollars) through the IPO. The proceeds will be used for researching and developing intelligent robot models and robotic bodies, developing of new intelligent robot products, and building an intelligent robot manufacturing base. The firm's operating revenue rose from 159 million yuan (about 23.5 million U.S. dollars) in 2023 to 393 million yuan (abo