RICHTECH ROBOTICS INC.

Item 1A. Risk Factors.

As a smaller reporting company under Rule 12b-2 of the Exchange Act, the Company is we are not required to proviinclude risk factors in this rReport. For our current risk factors relating to our operations, other than as set forth below, see However, as of the section entitled Risk Factors contained in our Annual Report on Form 10-K/A fordate of the fiscal year ended September 30, 2024 filed with the SEC on March 4, 2025.

Our business and international expansionis Report, there have been no may be negatively affected by global political events and foreign policy responses, including tariffs.

There have recently been significant changes terial changes with respect to international trade policies and tariffs affecting imports and exports. Any significant increasesthose risk factors previously disclosed in tariffs on goods or materials or other changes in our (i) registrade policy could negatively affect our business and our plans to expand to international markets as we continue to seek partnerships with businesses located outside the U.S., including China.

Recently, the U.S. has implemented a range of new tariffs and increases to existing tariffs. On April 2, 2025, the U.S. instituted a 54% tariff on all goods from China through an executive order. On April 9, tion statement for our initial public offering and (ii) 2025, implementation of the executive order issued on April 2, 2025, was paused for a period of 90 days with respect to all countries other than China4 Annual Report. Asny of May 5, 2025, tariffs on most Chinthese-made products entering the U.S. were 145% and may continue to increase, or decrease, over the near term. Some of our products are currently assembled by suppliers in China, although our flagship ADAM and Scorpion robot systems are assembled at our Las Vegas headquarters. Any continuation or increase of tariffs on products imported from China could ma factors could result in a significant or materially and ad adversely a effect our business, financial condition, and n the results of our operations.

The progress and continuation of trade negotia or financial conditions between the U.S. and China continues to be uncertain and a further escalation of the trade war remains a possibility. These t. Additional risks could ariffs have, and will continue to have, an adverse ese that may also affect on our resultbusiness of operations and profit margins. We can provide no assurance regarding the magr ability to consummate an initude, scope or duration of the imposed tariffs or the magnitude, scope or durial business combination from any relief in increas. We may disclose changes to such tariffs, as well as the potential for risk factors or disclose additional tariffs or trade barriers by the U.S., China or other countries, nor that any strategies we may implementrisk factors from time to mitigate the impact of such tariffs or other trade actiontime in our future filings will be successfulth the SEC.