U-BX Technology Ltd. Stock Price, News & Analysis

U-BX Technology Ltd. (NASDAQ: UBXG) is an insurance technology company headquartered in Beijing, China. The company focuses on providing value-added services using artificial intelligence-driven technology to businesses within the insurance industry, including insurance carriers and brokers. UBXG is classified in the Technology sector under the Software – Infrastructure industry and its ordinary shares trade on the Nasdaq Capital Market.

According to company disclosures, U-BX Technology’s services and products primarily fall into three categories: digital promotion services, risk assessment services, and value-added bundled benefits for insurance carriers. The company describes itself as a provider of insurance technology in China, with operations and institutional clients in the domestic insurance market.

Digital promotion services

U-BX Technology reports that it helps institutional clients, such as insurance carriers and brokers, boost their visibility on social media platforms. The company states that it assists these clients in generating revenue through consumer engagement and client promotions, including clicks, views, or promotion time on various channels. The company has indicated that a majority of its revenue comes from its digital promotion services, highlighting the importance of this activity within its overall business model.

Risk assessment services and the "Magic Mirror" algorithm

A core part of U-BX Technology’s offering is its risk assessment services, which are built around a proprietary algorithm referred to as "Magic Mirror". The company explains that Magic Mirror calculates payout risks for auto insurance coverage based on vehicle information. Insurance carriers purchase personalized risk reports generated by this algorithm.

According to company descriptions, Magic Mirror utilizes artificial intelligence and optical character recognition (OCR) technology to produce detailed risk assessments. These reports can include information such as accident likelihood, potential claims, and estimated settlement amounts. This positions the Magic Mirror algorithm as a tool that insurance carriers can use when evaluating auto insurance risks and potential payout scenarios.

Value-added bundled benefits for insurance carriers

In addition to promotion and risk assessment, U-BX Technology offers value-added bundled benefits to insurance carriers. The company states that these benefits packages include services such as auto maintenance services, auto value-added services, and vehicle moving notification services. These offerings are described as being bundled to provide additional benefits around auto-related insurance products.

Geographic focus and operating context

Available information indicates that U-BX Technology’s business is focused on the insurance market in Mainland China. The company has described itself as a provider of insurance technology in China, and earlier disclosures note that its revenue is derived from Mainland China. Its headquarters are in Beijing, reflecting its base in the Chinese market.

Capital markets and corporate actions

U-BX Technology completed an initial public offering of ordinary shares on the Nasdaq Capital Market. The company has disclosed that its registration statement on Form F-1 was declared effective by the U.S. Securities and Exchange Commission and that its ordinary shares began trading under the ticker symbol UBXG. The company has also reported subsequent capital markets and corporate actions through SEC filings and press releases.

In one announcement, U-BX Technology stated that it resolved to effect a reverse stock split of its ordinary shares at a ratio of 1-for-16. The company reported that its shareholders approved a reverse stock split at an annual meeting and that its board of directors later determined the specific ratio. The company indicated that its ordinary shares would begin trading on an adjusted basis giving effect to the reverse stock split under the existing ticker symbol UBXG, and that its authorized share capital and par value per share were adjusted in connection with this action. The company also stated that no fractional shares would be issued and that shareholders otherwise entitled to a fractional share would receive one full share.

U-BX Technology has also disclosed receiving notification letters from Nasdaq regarding compliance with continued listing requirements. The company reported that Nasdaq’s Listings Qualifications Department notified it that the minimum closing bid price for its ordinary shares had been below the US$1.00 per share requirement for a specified period and that its market value of listed securities had been below the US$35 million requirement for a specified period. The company stated that these notifications did not have an immediate effect on the listing or trading of its securities and that Nasdaq granted compliance periods to allow the company to regain compliance with the relevant listing rules.

Corporate governance and share structure developments

Through its Form 6-K filings, U-BX Technology has reported on various corporate governance and share structure matters. In a filing describing the results of an annual general meeting of shareholders, the company disclosed that shareholders approved multiple proposals, including the re-appointment of directors and the appointment of an independent registered public accounting firm.

Shareholders also approved a share capital increase, authorizing an increase in the company’s authorized share capital by creating additional ordinary shares to rank pari passu with existing shares. Another approved proposal involved the adoption of a dual-class share structure. The company reported that this structure included re-designating all issued and outstanding ordinary shares into Class A ordinary shares with one vote per share, creating Class B ordinary shares with 20 votes per share, and re-designating remaining authorized but unissued shares into Class A ordinary shares. The company also described the adoption of an amended and restated memorandum and articles of association to reflect this variation of share capital.

In addition, shareholders approved a proposal relating to the repurchase and new issuance of ordinary shares to certain shareholders, conditional upon the effectiveness of the dual-class structure. The company’s filing included details of specific shareholders, the number of Class A ordinary shares to be repurchased, and the number of Class B ordinary shares to be issued.

The company further reported shareholder approval of share consolidations, authorizing a consolidation of issued and unissued ordinary shares (including Class A and Class B shares, if any) within a specified ratio range, with the exact ratio and effective date to be determined by the board of directors. The company noted that no fractional shares would arise from the consolidation and that fractional shares would be rounded up to the nearest whole ordinary share.

Shareholders also approved a proposal to change the company’s name from "U-BX Technology Ltd." to "MindForge Inc.", authorizing the directors to apply for the name change and to adopt another amended and restated memorandum and articles of association to reflect the name change if implemented. The resolution allowed the board to determine not to proceed with the name change if they considered it no longer desirable or in the company’s best interests within a specified period. The company’s filing indicates that these proposals were approved, but it also notes that the board retained discretion regarding the effective implementation of the name change.

Equity incentives and board changes

U-BX Technology has reported the adoption of a 2025 Equity Incentive Plan, approved by the board of directors and effective as of the approval date. The plan was filed as an exhibit to a Form 6-K, indicating the company’s use of equity-based compensation as part of its corporate governance and employee or director incentive structure.

The company has also disclosed several board and management changes via Form 6-K filings. These include resignations and appointments of directors and committee chairs, as well as the resignation of a chief operating officer. In each case, the company stated that the resignations were not the result of any disagreement with the company’s operations, policies, or procedures. The filings provide biographical information for new directors and describe their roles on the audit, nominating and corporate governance, and compensation committees.

Regulatory reporting and investor information

As a foreign private issuer listed on Nasdaq, U-BX Technology files reports with the U.S. Securities and Exchange Commission, including Form F-1 related to its initial public offering and multiple Form 6-K reports describing shareholder meetings, corporate actions, and governance changes. The company has also reported that its notice of annual general meeting and proxy statement, along with proxy cards and other materials, are filed as exhibits to its Form 6-K reports.

Investors researching UBXG can review these SEC filings for detailed information on the company’s share structure, governance, equity incentive plans, and significant corporate actions. The company’s press releases and filings together describe a business focused on AI-driven insurance technology in China, with a product set that includes digital promotion services for institutional insurance clients, an AI-based Magic Mirror risk assessment algorithm for auto insurance, and value-added bundled benefits for insurance carriers.