Core Viewpoint - The announcement reveals that UBTECH Robotics plans to acquire a controlling stake in Fenglong Co., Ltd, marking a significant shift in ownership and strategy for both companies [1][3]. Group 1: Acquisition Details - UBTECH will acquire 29.99% of Fenglong's shares, resulting in a change of control from Chengfeng Investment to UBTECH, with Zhou Jian becoming the actual controller [3]. - The share transfer and acquisition price is set at 17.72 CNY per share, representing a 10% discount from the last trading price of 19.68 CNY prior to suspension [5]. - The total estimated cost for UBTECH to complete this acquisition is approximately 1.665 billion CNY [5]. Group 2: Strategic Implications - This acquisition is part of UBTECH's strategy to enhance its industrial chain layout and strengthen its core competitiveness in humanoid robotics [5]. - UBTECH aims to leverage its technological advantages and commercial experience in humanoid robotics, combined with Fenglong's manufacturing and supply chain capabilities, to promote the industrialization of robotics technology [5]. - Market analysts suggest that this acquisition strategy indicates UBTECH's indirect entry into the A-share market [5]. Group 3: Historical Context - This is not the first attempt by Fenglong to change its control; the company had previously attempted a similar transaction in February 2024, which ultimately failed due to audit issues [6]. - The rapid progression from the termination of the previous transaction in July 2024 to the current agreement with UBTECH in December 2025 highlights a swift shift in Fenglong's control strategy [6].

Group 1 - Two A-shares, Fenglong Co., Ltd. and Lianchuang Electronics, are set to resume trading on December 25, 2025, following announcements regarding control changes [2] - Fenglong Co., Ltd. will see its controlling shareholder change to UBTECH Robotics, which will acquire 29.99% of the company's shares for a total consideration of 1.161 billion yuan at a price of 17.72 yuan per share [3][5] - UBTECH Robotics plans to launch a partial tender offer for an additional 13.02% of Fenglong's shares at the same price, bringing the total acquisition to approximately 43% of the company [5] Group 2 - Lianchuang Electronics will have its controlling shareholder change to Beiyuan Intelligent, which will acquire 6.71% of the company's shares for a total of 900 million yuan [6][9] - The company plans to issue up to 189 million A-shares at a price of 8.62 yuan per share, raising a maximum of 1.63 billion yuan to support its business development and enhance its core optical technology capabilities [9] - After the issuance, Jiangxi Guozhi Chuangtou is expected to hold 20.89% of Lianchuang's shares, further solidifying control and ensuring long-term stability in the company's equity structure [9]

Core Viewpoint - The leading humanoid robot company, UBTECH (09880.HK), announced plans to acquire approximately 43% of the shares of Shenzhen-listed Fenglong Co. through a combination of "agreement transfer + tender offer" [1] Group 1: Acquisition Details - UBTECH will acquire 65,529,900 unrestricted circulating shares of Fenglong Co., representing 29.99% of its total share capital, at a transfer price of 17.72 yuan per share, totaling 1.161 billion yuan [3] - Following the agreement transfer, UBTECH will initiate a partial tender offer to acquire an additional 28,450,000 shares, accounting for 13.02% of Fenglong's total share capital [6] - After the completion of the share transfer and voting rights waiver, UBTECH will hold 29.99% of Fenglong's shares and voting rights, changing the controlling shareholder from Chengfeng Investment to UBTECH [6] Group 2: Performance Commitments - The transaction includes a "guarantee + incentive" mechanism, where the transferor commits that Fenglong's net profit attributable to the parent company will not be less than the disclosed data for Q3 2025, with specific profit targets set for 2026-2028 [7] - If the profit targets are not met, the transferor will provide compensation; if exceeded, 20% of the excess will be rewarded to the existing business team [7] Group 3: Strategic Intent - UBTECH stated that this acquisition is a significant step in enhancing its industrial chain layout and strengthening core competitiveness [7] - There are no plans to change Fenglong's main business or conduct major asset adjustments or restructuring within the next 12 months post-transaction [7] - UBTECH aims to leverage its technological advantages in humanoid robots and Fenglong's manufacturing and supply chain capabilities to deepen industrial synergy and promote the commercialization of humanoid robot technology [7] Group 4: Company Background - UBTECH, established in 2012, is a leading company in the robotics sector, focusing on the R&D, design, production, and sales of humanoid robots and intelligent service robot solutions [8] - The company is currently in a loss position, with a projected net profit of -1.16 billion yuan for 2024, but total assets are expected to grow to 5.134 billion yuan by the end of 2024 [8] - In 2023, UBTECH has secured nearly 1.4 billion yuan in orders for humanoid robots, with the Walker S2 industrial humanoid robot set to begin mass production in November 2025 [8]

Group 1: Control Changes in Companies - Fenglong Co., Ltd. will see its controlling shareholder change to UBTECH Robotics after an agreement to transfer 65,529,900 shares, representing 29.99% of the total share capital, at a price of 17.72 yuan per share, totaling 1.161 billion yuan [2][4] - UBTECH plans to launch a partial tender offer for an additional 28,450,000 shares, accounting for 13.02% of the total share capital, at the same price of 17.72 yuan per share, bringing the total transaction value to 1.665 billion yuan [4] - The control change will result in UBTECH becoming the controlling shareholder, with the actual controller changing from Dong Jianggang to Zhou Jian [4] Group 2: Business Synergies - UBTECH focuses on the research, design, manufacturing, and commercialization of intelligent robots, particularly humanoid robots, while Fenglong specializes in high-tech garden machinery and components, indicating potential business synergies between the two companies [5] Group 3: Control Changes in Another Company - Lianchuang Electronics will have its controlling shareholder change to Beiyuan Intelligent after signing an agreement for the transfer of 70,866,100 shares, which is 6.71% of the total shares, for a total of 900 million yuan [6][9] - Following the share transfer, the actual controller will change from Han Shenglong to the Jiangxi Provincial State-owned Assets Supervision and Administration Commission [9] Group 4: Fundraising and Strategic Development - Lianchuang Electronics plans to issue up to 189 million A-shares at a price of 8.62 yuan per share, raising a total of up to 1.63 billion yuan to support business development and enhance R&D capabilities in optical lens technology [9]

Group 1: Fenglong Co., Ltd. (锋龙股份) - Fenglong Co., Ltd. will undergo a change in controlling shareholder, with Shenzhen Ubtech Robotics Co., Ltd. (优必选) set to acquire 29.99% of the company's shares, totaling 65.53 million shares at a price of 17.72 yuan per share, amounting to a total consideration of 1.161 billion yuan [3][5] - Following the share transfer, Ubtech will launch a partial tender offer for an additional 13.02% of shares, totaling 28.45 million shares at the same price of 17.72 yuan per share, with a total transaction value of 1.65 billion yuan [5] - The acquisition is expected to create synergies between Ubtech's focus on humanoid robots and Fenglong's expertise in precision manufacturing and supply chain management in the garden machinery and automotive parts sectors [5] Group 2: Lianchuang Electronics (联创电子) - Lianchuang Electronics will see its controlling shareholder change to Nanchang Beiyuan Intelligent Industry Investment Partnership (北源智能), which will acquire 6.71% of the company's shares, amounting to 70.87 million shares for a total of 900 million yuan [7][9] - The company plans to issue up to 189 million A-shares at a price of 8.62 yuan per share, raising a maximum of 1.63 billion yuan, with the funds aimed at enhancing R&D capabilities in optical lens technology [9] - Post-issuance, Jiangxi State-owned Capital Investment will hold approximately 20.89% of the company, solidifying its control and ensuring long-term stability in the company's ownership structure [9]

Group 1 - The core point of the article is that the humanoid robot leader, UBTECH (09880.HK), plans to acquire approximately 43% of the shares of Shenzhen-listed company Fenglong Co., Ltd. (002931) through a combination of "agreement transfer + tender offer" [1] - UBTECH will acquire 65,529,900 unrestricted circulating shares of Fenglong, representing 29.99% of the total share capital, at a transfer price of 17.72 yuan per share, totaling 1.161 billion yuan [3] - After the agreement transfer, UBTECH will further initiate a partial tender offer to all shareholders, aiming to acquire an additional 28,450,000 shares, which is 13.02% of the total share capital [5] Group 2 - The transferor has made an irrevocable commitment to effectively declare the acceptance of the tender offer for 28,427,600 shares, which accounts for 13.01% of the total share capital, and will waive the voting rights corresponding to these shares [5] - Following the completion of the share transfer and the waiver of voting rights, UBTECH will hold 29.99% of Fenglong's shares and the corresponding voting rights, changing the controlling shareholder from Chengfeng Investment to UBTECH, and the actual controller from Dong Jianggang to Zhou Jian [5] - The transaction is part of UBTECH's strategy to enhance its industrial chain layout and strengthen its core competitiveness, with no plans to change Fenglong's main business or conduct major asset adjustments in the next 12 months [7] Group 3 - UBTECH, established in 2012 and listed on the Hong Kong Stock Exchange on December 29, 2023, is a leading company in the robotics field, focusing on the research, design, production, and sales of humanoid robots and intelligent service robot solutions [8] - Despite being in a loss position with a projected net profit of -1.16 billion yuan for 2024, UBTECH's total assets continue to grow, reaching 5.134 billion yuan by the end of 2024 [8] - In 2023, UBTECH has secured nearly 1.4 billion yuan in orders for humanoid robots, with the industrial humanoid robot Walker S2 set for mass production and delivery, aiming for an annual delivery volume exceeding 500 units in 2024 and a planned production capacity increase to 10,000 units by 2026 [8]

Core Viewpoint - The acquisition of Fenglong Co., Ltd. by UBTECH Robotics, the first humanoid robot company listed in Hong Kong, aims to enhance UBTECH's competitive position in the intelligent service robot industry through synergistic integration of technologies and manufacturing capabilities [2]. Group 1: Acquisition Details - UBTECH plans to acquire a controlling stake in Fenglong Co., Ltd. (002931.SZ) through a combination of agreement transfer and tender offer, initially acquiring 29.99% of shares and subsequently aiming for an additional 13.02%, potentially holding up to 43.01% post-transaction [2]. - The share transfer and tender offer price is set at 17.72 CNY per share, with a total estimated expenditure of 1.665 billion CNY for the acquisition [2]. Group 2: Financial Background - Fenglong Co., Ltd. reported approximately 479 million CNY in revenue for 2024, with a net profit attributable to shareholders of about 4.59 million CNY [4]. - For the first three quarters of 2025, Fenglong's revenue was approximately 373 million CNY, with a net profit of about 21.52 million CNY [4]. Group 3: Strategic Intent - UBTECH's management believes the acquisition will leverage Fenglong's established manufacturing strength, supply chain relationships, and customer base to enhance UBTECH's product competitiveness, cost structure, market coverage, and mass production capabilities [2]. - Following the acquisition, Fenglong will become UBTECH's first subsidiary listed on the A-share market, positioning UBTECH favorably within the intelligent service robot sector [2].

Core Viewpoint - Fenglong Co., Ltd. plans to change its controlling shareholder to UBTECH Robotics Corp., with the resumption of trading set for December 25 [1][2]. Group 1: Shareholder Changes - The controlling shareholder, Zhejiang Chengfeng Investment Co., Ltd., will transfer 29.99% of its shares to UBTECH at a price of 17.72 yuan per share, totaling 1.161 billion yuan [3][4]. - After the transfer, UBTECH will hold 29.99% of Fenglong's shares, and the actual controller will change from Dong Jiangan to Zhou Jian [4][5]. Group 2: Financial Performance and Projections - Fenglong's net profit for 2024 and the first three quarters of 2025 is projected to be 4.59 million yuan and 21.52 million yuan, respectively [6]. - The company has committed to achieving a net profit of no less than 10 million yuan, 15 million yuan, and 20 million yuan for the years 2026, 2027, and 2028, respectively [9]. Group 3: Strategic Intent - The acquisition is part of UBTECH's strategy to enhance its industrial chain layout and strengthen its core competitiveness in humanoid robotics [6]. - UBTECH aims to leverage its technological advantages in humanoid robots alongside Fenglong's manufacturing and supply chain capabilities to promote the industrialization of humanoid robot technology [6].

（文章来源：每日经济新闻） 每经AI快讯，12月24日，优必选在港交所公告称，有条件同意收购浙江锋龙电气29.99%股份，每股价 格为17.72元。 ...

每经AI快讯，12月24日，优必选在港交所公告称，有条件同意收购浙江锋龙电气29.99%股份，每股价 格为17.72元。 ...