UBTECH signs agreement to acquire 29.99 percent of Zhejiang Fenglong Electric and launches a partial tender offer

Evidence notes

• Zhejiang Fenglong disclosed that UBTECH signed a share transfer agreement to acquire 65,529,906 shares, representing 29.99 percent of the company, from its controlling shareholder.
• On the same date, UBTECH issued a tender offer summary for additional shares that would bring its ownership to not less than 43.00 percent if completed.
• The transaction was explicitly framed as a control-change deal rather than a passive financial investment.