Thank you to TapTechNews users 1661855 and South China's Wu Yanzu for the clue delivery! TapTechNews reported on May 15th that Dingqiao Communication Technology Co., Ltd. underwent a change in business, with the original shareholder TDTECH HOLDING LIMITED exiting and the new Chengdu Dingqiao Holdings Co., Ltd. becoming a wholly-owned shareholder. According to TapTechNews' previous reports, on February 29, Chengdu Dingqiao Holdings Co., Ltd. was established with Deng Biao as the legal representative and a registered capital of 1 billion RMB. The company is jointly owned by Chengdu Gaoxin Huagai Communication Equity Investment Fund Partnership (Limited Partnership), Huawei's Shenzhen Habo Technology Investment Partnership (Limited Partnership), and Chengdu Gao Investment Electronic Information Industry Group Co., Ltd. At the same time, many key personnel such as Markus Peter Rodofo Boze exited, with Xu Yaping appointed as the chairman, Xu Zhijun, Yan Lida, and others as directors. The company's registered capital changed from $62 million to approximately RMB 505 million. On the morning of February 28, the State Administration for Market Regulation website published a list of unconditional approval of concentration cases from February 4, 2024 to February 17, 2024, including the acquisition of Dingqiao Communication Technology Co., Ltd. by Huawei Technologies Co., Ltd. and Chengdu Gaoxin Investment Group Co., Ltd. Before this transaction, Huawei and Nokia jointly owned and controlled 100% of Dingqiao Company, with Huawei holding 49%. After the transaction, Huawei, Chengdu High Investment Group, Chengdu Gaoxin Cui Technology Co., Ltd., Huagai Entrepreneurial Investment Management (Beijing) Co., Ltd., and other operators will collectively hold 100% of Dingqiao Company through their jointly established holding company and jointly control Dingqiao Company. Prior to this transaction, Nokia had wanted to sell its stake in Dingqiao Company to A-share company Oriental Materials, but was opposed by Huawei.