Core Viewpoint - Lionhead Co., Ltd. is advancing its strategic transformation towards high-growth AI machine vision sector through a comprehensive response to regulatory inquiries regarding its merger and acquisition plans, emphasizing the synergy between its dual business model of "e-commerce services + machine vision" [1] Group 1: Dual Business Synergy - The dual business layout of "e-commerce services + machine vision" has a clear implementation path, with Lionhead leveraging its platform resources to assist Lipu Technology in expanding into the Southwest market [2] - A strategic cooperation agreement with Chongqing Changan aims to build an ecosystem for "machine vision empowering automotive intelligent manufacturing," providing Lipu Technology with crucial access to the automotive manufacturing sector [2] - Lipu Technology's core technology will enhance Lionhead's existing e-commerce operations by optimizing supply chain and warehouse management, potentially increasing the e-commerce business's gross profit margin, which currently exceeds 60% [2] Group 2: Strong Technical Foundation and Industry Growth - Lipu Technology, founded by a team of PhD graduates from Zhejiang University, has established significant technological barriers in industrial machine vision and AI algorithms, with steady revenue and net profit growth projected for 2023 to 2024 [3] - The company has made clear performance commitments, with a cumulative net profit of no less than 180 million yuan from 2025 to 2027, and an average annual compound growth rate exceeding 30% during the commitment period [3] - The machine vision market is expected to exceed 26 billion yuan by 2025, with a compound annual growth rate of over 25%, indicating a robust growth opportunity for Lionhead as it transitions from traditional business to a technology-driven enterprise [3] Group 3: Focus on Core Business and Asset Optimization - Lionhead has adopted a strategy of "focusing on core business and divesting non-core assets" to concentrate resources on its dual business model [4] - The company plans to "sell at an opportune time" its water purification and accessories business, which has been consistently unprofitable and accounted for only about 6% of revenue in 2024 [4] - The restructuring process began in February 2025, with Lionhead aiming to acquire control of Lipu Technology through a combination of share issuance and cash payment, while ensuring transparency and timely information disclosure throughout the process [4]

Group 1 - The company, Matrix Technology (300802), clarified on October 17 that it does not engage in any motor business [1] - The company's machine vision technology and products are primarily applied in the electronic information manufacturing industry, including SMT production lines for PCBs, MiniLED, and semiconductor packaging processes [1] - The focus of the company's machine vision applications is on detecting external and internal defects [1]

Core Viewpoint - The embodiment intelligence industry will further promote the integration of digital technology with manufacturing and market advantages in China's manufacturing sector, which is transitioning from "large" to "strong" [1] Group 1: Industry Transformation - China's manufacturing industry is at a critical stage of transformation and upgrading [1] - The cultivation of the embodiment intelligence industry will drive the integration of technological and industrial innovation [1] Group 2: Government Initiatives - The concept of "embodiment intelligence" was introduced in this year's government work report, emphasizing the deep integration of artificial intelligence with the real economy [1] - This initiative provides a feasible path for the intelligent upgrade of the manufacturing sector [1] Group 3: Technological Advancements - China has made significant breakthroughs in artificial intelligence this year, supporting the development of the embodiment intelligence industry [1] - Advancements will accelerate the new industrialization towards high-end, intelligent, and green development, particularly in areas like industrial AI, industrial 5G, human-machine collaboration, machine vision technology, and smart sensors [1]

Group 1 - The ASEAN-China Free Trade Area (FTA) 3.0 negotiations have been fully completed, marking a significant step towards signing the upgraded protocol, enhancing economic cooperation in digital economy, artificial intelligence, and new energy sectors [1][3] - ASEAN and China have become each other's largest trading partners, with the FTA facilitating regional economic integration by reducing tariff barriers and optimizing trade policies, thus lowering trade costs and promoting economic exchanges [1][2] - Malaysia, as a key member of ASEAN and the rotating chair in 2025, is at the forefront of cooperation with China in digital economy, artificial intelligence, and green development, contributing significantly to regional economic integration [1][2] Group 2 - The Malaysian government has released a series of technical guidelines to promote technological innovation and the widespread application of digital technologies, accelerating local collaboration in areas like 5G with Chinese enterprises [2] - There is substantial potential for cooperation in artificial intelligence between Malaysia and China, focusing on joint development of natural language processing and machine vision technologies to support industrial upgrading and economic transformation [2] - China, as the largest country in terms of renewable energy capacity, is providing crucial support for ASEAN countries' energy structure transformation, with Malaysia making significant progress in solar, energy storage, and green transportation technologies through collaboration with Chinese companies [2]