Fenglong Group: Ubtech plans to make a tender offer to acquire 13.02% of the shares, involving a capital of no more than 504 million yuan.

Fenglong shares announced that UBTECH Robotics, Chengfeng Investment, and others have signed an agreement to acquire 29.99% of the company's shares held by Chengfeng Investment, and to issue a partial tender offer to all shareholders other than the acquirer, planning to acquire 28.45 million shares, accounting for 13.02%, at a tender offer price of 17.72 yuan per share, with a total fund of not more than 504 million yuan. UBTECH Robotics will deposit 101 million yuan in performance guarantee within two days after the announcement. After the acquisition is completed, UBTECH Robotics will hold up to 43.01% of the shares. This tender offer is a proactive tender offer and is not aimed at delisting. The transaction is subject to shareholder meeting approval and relevant approvals of the acquirer, and there is uncertainty.