Core Viewpoint - Chongqing Qianli Technology Co., Ltd. announced a share transfer from its major shareholder, Chongqing Lifan Holdings, to Mercedes-Benz (Shanghai) Digital Technology, indicating a strategic partnership aimed at enhancing software capabilities in the automotive sector [1][2]. Group 1: Share Transfer Details - Lifan Holdings plans to transfer 136 million shares, representing 3% of the total share capital, at a price of 9.87 CNY per share, totaling approximately 1.339 billion CNY [1]. - The transfer is a result of an unsuccessful stock pledge repurchase agreement and is part of a debt repayment strategy following a court-approved restructuring plan [1]. - The transfer price is set at 75% of the closing price on the trading day prior to the agreement, indicating a discounted transaction [1]. Group 2: Impact on Shareholding Structure - Following the transaction, Lifan Holdings' shareholding will decrease to 10.68%, making it the third-largest shareholder, while Mercedes-Benz Digital Technology will become the fifth-largest shareholder with a 3% stake [2]. - Mercedes-Benz Digital Technology, established in June 2023, focuses on AI application software development and automotive component R&D, aligning with the strategic goals of Qianli Technology [2]. Group 3: Strategic Implications - The investment by Mercedes-Benz is expected to enhance its software capabilities in China, with Qianli Technology potentially providing intelligent driving technology support for new models [2]. - Qianli Technology, formerly Lifan Motors, has undergone a transformation since 2020, focusing on "AI + automotive" business, with Geely Holding as a major shareholder [2]. - As of September 25, Qianli Technology's total market capitalization exceeded 58 billion CNY, reflecting its growing significance in the automotive technology sector [2].

Group 1 - Avita Zhixing Technology (Shanghai) Co., Ltd. has been established with a registered capital of 10 million RMB [1] - The legal representative of the new company is Jiang Qian [1] - The business scope includes the development of artificial intelligence basic software, application software, and automotive parts [1] Group 2 - Avita Zhixing Technology is wholly owned by Avita Technology (Chongqing) Co., Ltd. [1]