Hongqi Chain Plans to Terminate Development of Robotic Unmanned Vending System

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Hongqi Chain announced plans to terminate the development of its robotic unmanned vending system. The project, launched in 2025, has achieved certain practical results after more than a year of effort, but has yet to meet the standards for large-scale commercial deployment. The company made the termination decision based on considerations including overall strategic layout, input-output ratio, and priority assessment of existing achievements. Going forward, the company will accelerate the large-scale operation of its 24-hour cloud-attended service to steadily improve operational efficiency. In addition, the company's southern Sichuan regional distribution center in Zigong City officially commenced operations on July 3, 2026, which will further enhance distribution coverage and improve regional logistics response efficiency.

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Chengdu Hongqi Chain Co Ltd
002697
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Terminates development of robotic unmanned vending system, a technology project that failed to meet commercial deployment standards.