Leading Humanoid Robot Company "UBTECH" Completed Acquisition of Control of Zhejiang Fenglong

Published: Mar 18, 2026 17:26

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[SMM Newsflash] On March 12, Zhejiang Fenglong Electric Co., Ltd. announced that the share transfer registration procedures for shares transferred by agreement by the company’s controlling shareholder had been completed. A total of 65.53 million shares were transferred, accounting for 29.99 of the company’s total share capital. Upon completion of this transfer, the company’s controlling shareholder was officially changed from Zhejiang Chengfeng Investment Co., Ltd. to Shenzhen UBTECH Robotics Corp., and the actual controller was changed to UBTECH founder, Chairman, and CEO Zhou Jian. This marked the completion of the core step in this closely watched control change transaction.

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