Jin Rong Jie·2025-12-25 02:04Group 1 - The company has conditionally agreed to acquire a total of 65,529,900 A-shares, representing approximately 29.99% of the total issued share capital of Zhejiang Fenglong Electric Co., Ltd. at a price of 17.72 RMB per share [1] - Following the completion of the share transfer, the company plans to make a partial tender offer for 28,450,000 A-shares, which accounts for about 13.02% of the target company's issued share capital, at the same price of 17.72 RMB per share [1] - The total consideration for the acquisition is approximately 1.665 billion RMB, which will be funded from the company's internal resources, including proceeds from a general placement [1] Group 2 - After the acquisition, the company is expected to hold at least 93,957,500 A-shares, representing about 43% of the total issued share capital of the target company, which will become a non-wholly owned subsidiary [2] - The target group is primarily engaged in the research, production, and sales of horticultural machinery engines, electric machinery, hydraulic control systems, and automotive components, with applications in various machinery and vehicles [2] - The acquisition is strategically aligned with both parties' long-term goals and is expected to create synergies, accelerate the development and commercialization of humanoid robots, and enhance the overall competitiveness and market reach of the group [2]