On the evening of December 24, Qianli Technology disclosed that it had been informed by its shareholder, Chongqing Lifan Holdings Co., Ltd., that the stock agreement transfer deal between Lifan Holdings and Mercedes-Benz (Shanghai) Digital Technology Co., Ltd. had secured compliance approval from the Shanghai Stock Exchange. Additionally, on the same day, December 24, the company received the "Securities Transfer Registration Confirmation" from the China Securities Depository and Clearing Corporation Limited. The transfer occurred on December 23, involving approximately 136 million shares—representing 3% of the company's total shares—and these were unrestricted tradable shares. Mercedes-Benz Digital Technology, the acquiring party, has pledged not to divest its holdings within 12 months from the date of registration of the share transfer under its name.

This transfer stemmed from Lifan Holdings' inability to fulfill a stock pledge repurchase agreement. As per the relevant restructuring plan, the pledgee opted to dispose of the shares via an agreement transfer to settle debts. Following the transfer, Lifan Holdings' stake in the company dropped to 10.68%, and Mercedes-Benz Digital Technology ascended to become the fifth-largest shareholder of the company. Qianli Technology clarified that this transfer does not necessitate a tender offer and will not lead to alterations in the company's controlling shareholder or actual controller. Moreover, it is not expected to significantly impact the company's governance framework or ongoing operations.