Group 1 - China First Automobile Group Co., Ltd. (FAW) is set to acquire a 35.8% stake in Shenzhen Zhuoyu Technology Co., Ltd. from New Territory Technology Company Limited, following a public announcement by the State Administration for Market Regulation [1] - Prior to the transaction, New Territory held a 70.65% stake in Zhuoyu Technology, allowing it to have sole control over the company. Post-transaction, FAW will jointly control Zhuoyu Technology with New Territory, which will hold a 34.85% stake [1] - Zhuoyu Technology specializes in Advanced Driver Assistance Systems (ADAS) and was previously a division of DJI, known for its drone technology, before becoming an independent entity in 2023 [2] Group 2 - FAW was established on June 28, 2011, in Changchun, Jilin Province, and focuses on the development, production, and sales of passenger and commercial vehicles [2] - New Territory was founded on October 3, 2022, in Hong Kong, primarily holding shares in Zhuoyu Technology and is controlled by a natural person involved in various technology sectors including drones and robotics [2] - Zhuoyu Technology's current automotive partners include major companies such as Volkswagen, SAIC-GM-Wuling, Chery, FAW, Dongfeng, and Great Wall Motors, with a specific collaboration on the Hongqi brand vehicles with FAW [2]