HK Stock Market Move | PATEO (02889) rose more than 12% at the end of the session, making the company a member of the Application Working Group of the Ministry of Industry and Information Technology's Siasun Robot & Automation and Embodied Intelligence Standards Committee.

PATEO (02889) rose more than 12% in late trading, rising 11.95% as of the time of publication, to HK$137.7, with a transaction value of HK$38.3462 million. In terms of news, recently PATEO officially received the membership certificate of the Humanoid Siasun Robot & Automation and Embodied Intelligence Standardization Technology Committee (MIIT/TC8/WG5) from the Ministry of Industry and Information Technology, becoming one of the few companies selected by the committee's application working group in the field of intelligent automotive cabins. This marks PATEO's recognition in the technical accumulation and practical implementation in the intersection of in-vehicle intelligence and embodied intelligence fields, and in the future PATEO will be deeply involved in the formulation of national standards for humanoid Siasun Robot & Automation and embodied intelligence industries. It is worth noting that in June of this year, PATEO announced its intention to acquire a photon chip company as a strategic extension into the upstream chip field. Subsequently, the company officially signed a cooperation agreement with Fudan University for the layout of silicon photonics and fourth-generation semiconductors. Pacific Securities stated that if the subsequent acquisition is completed, joint research and development progress is made in the laboratory, and is successfully integrated into the industrial platform, the company is expected to form a new business focus on AI computing infrastructure and in-vehicle optical communication, in addition to smart car solutions. The industrial logic of the second growth curve will be more complete.