China National Petroleum Corporation (CNPC) Kunlun Manufacturing Co., Ltd. and its concert party Kunlun Capital plan to sign an agreement with Unitree Technology Co., Ltd. and Beijing Fanjie Intelligent Technology Co., Ltd. to jointly establish a new joint venture focused on industrial embodied intelligent robot solutions. The simplified merger control filing for this transaction has now entered the public notice period. Upon completion of the transaction, Kunlun Manufacturing and its concert party will hold a 60% stake, while Unitree Technology and Fanjie Intelligent will each hold 20%, with the three parties exercising joint control over the joint venture. Kunlun Manufacturing is primarily engaged in energy equipment manufacturing, and its ultimate controller is China National Petroleum Corporation. Previously, Kunlun Capital had participated in the strategic placement of Unitree Technology's IPO on the STAR Market, and the two parties signed a Strategic Cooperation Memorandum to pursue collaboration on robot applications in oil and gas scenarios.