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]