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].