Jinshi data news on December 10th, Five Oceans Automation announced that the company’s controlling shareholder and actual controller Hou Youfu and Cai Min are planning to transfer shares, with the total share transfer ratio expected to account for 13.01% of the total share capital of the company. At the same time, Hou Youfu and Cai Min will entrust the voting rights corresponding to their total 6.73% shareholding to Yonghong Enterprise Management Center and natural person Liu Jianrong respectively. If the aforementioned transaction proceeds smoothly, it will lead to a change in the company’s controlling interest. As of the date of this announcement, the parties involved in the transaction have been negotiating the share transfer plan. As of now, the matter is still under negotiation, and the parties involved have not yet signed the protocol. The company’s stock will continue to be suspended from trading starting from the morning of Wednesday, December 11, 2024, with the expected suspension period not exceeding 3 trading days.
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