SWANCOR has issued an announcement revealing that Zhiyuan Robotics intends to secure control of the company through negotiated transfers and tender offers facilitated by shareholding platforms. Upon the successful conclusion of this transaction, Zhiyuan Hengyue, a joint venture between Zhiyuan Robotics and its management team, will assume the role of controlling shareholder, with Deng Taihua emerging as the actual controller. Zhiyuan Robotics, established in February 2023, specializes in versatile embodied robots and their application ecosystem. The company has garnered investments from prominent institutions such as Tencent, JD.com, and Sequoia Capital. The total transaction value stands at approximately RMB 2.1 billion, with a share transfer price set at RMB 7.78 per share.