Broadway Industrial Group Limited (BIGL)

In 2020, the Group entered into an equity purchase agreement to acquire a 55% equity stake in Beijing Ant Brothers Technology Co., Ltd. (“BAB”), a company registered in Beijing. BAB develops light weight, low-power consumption and high-efficiency cleaning robots for large glass facades on building exterior, encompassing office and commercial building facades, other architectural glass curtain walls and solar panels.

Leveraging on BIGL’s chain and manufacturing competencies and BAB’s research and development capabilities, the Group incorporated BIGL Robotics and expanded its product line to include disinfection and service delivery robots, applying big data technology in service processes and utilizing artificial intelligence (“AI”) to optimize the potential of smart cleaning.