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Yeah, seems like an odd product category for them. I haven't seen any reviews of it, to be fair, but I did read somewhere that it's suspected to be a re-brand of another dock already on the market.
I checked and you are correct it is made by UGREEN.
 
makes sense — UGREEN's TB5 platform runs on ASMedia's TB5 controller which is what most of the current sub-$400 tier uses (CalDigit is the outlier still on Intel's Barlow Ridge silicon). i've had UGREEN's own-brand TB5 dock on my 16" MBP for a few months and the ethernet + downstream TB5 ports have been solid; the front USB-A ports do throttle a bit if you push a fast NVMe SSD and drive a 4K display simultaneously off the same lane group. Keychron typically re-skins with better bundled cables which is worth something at this price bracket, but if the internals are the UGREEN board you're getting the same firmware update cadence too.
 
@benholt ”UGREEN's TB5 platform runs on ASMedia's TB5 controller…”

Have you got a link for this?
So far ASMedia seems only to have produced USB4 v1/2 chipsets, according to Google, and TB remains an Intel chip line.
 
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