• Pateo Connect on November 12, 2026, announced revised payment terms for its RMB 800 million acquisition of 20% of Guangzhou Seagull.
• The purchase price remains unchanged; the buyer has deposited RMB 200 million into a jointly supervised account.
• The seller, International Building Products, will receive RMB 720 million upon completion of share transfer registration.
• The remaining RMB 80 million will be released upon announcement of the target’s completed board and management reorganization.
• The acquisition remains subject to shareholder approval, Shenzhen Stock Exchange compliance confirmation and share transfer registration.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pateo Connect Technology (Shanghai) Corporation published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261112-12410552), on November 12, 2026, and is solely responsible for the information contained therein.