PATEO (02889) plans to implement an H-share full circulation plan.

PATEO (02889) announces that, based on the "Guidelines for the Application of 'Full Circulation' of Shares of H-share Companies not Listed Domestically" and considering the intention received from the company's shareholders, the board of directors of the company approved on July 13, 2026, the conversion of 71.69 million domestic shares (accounting for approximately 44.31% of the total issued shares of the company as of the date of this announcement) into H-shares for the purpose of achieving full circulation of H-shares. As of the date of this announcement, the company has not yet submitted the application record documents to the China Securities Regulatory Commission for the full circulation of H-shares. After obtaining all relevant approvals and/or registrations (including notice of record from the China Securities Regulatory Commission and approval from the Stock Exchange), and compliance with all applicable laws, regulations, and rules, these domestic shares will be converted into H-shares, and the company will apply for the listing and trading of these H-shares on the Main Board of the Stock Exchange. According to the company's articles of association, no further approval from the company's shareholders is required for the full circulation of H-shares.