Seagull Housing & Construction announced that Zhongyu Investment, the controlling shareholder of the company, plans to transfer a total of 162 million shares of the company, including 129 million shares to Botai Auto Federation and 32.3674 million shares to Fuqing Yaohong. The company's control will change after the transfer is completed. Recently, the parties to the transaction signed a supplementary agreement to adjust price payment to a shared account model, without changing core terms such as number and price of shares. At present, Botai Auto Federation and Fuqing Yaohong have paid 200 million yuan and 20 million yuan in goodwill respectively. The transaction has passed centralized anti-monopoly review by the operator. It is still necessary to complete procedures such as Botai Auto Connect Hong Kong stock procedures, Shenzhen Stock Exchange compliance confirmation, and share transfers. There is still uncertainty about whether the change of control can be completed.

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