PATEO (02889): First-time award of a project nomination for an overseas model from a leading domestic high-end new energy vehicle OEM

PATEO (02889) announced that the Company received a formal project nomination notice from a leading domestic high-end new energy vehicle OEM (the "Customer"). The Company has been selected for the first time as a supplier for a new-generation overseas model under the Customer's flagship brand, responsible for the research, development, and mass production delivery of high-end intelligent cockpit domain controllers and AI interaction systems based on Qualcomm's 8397 new-generation high-performance cockpit chip platform (the "8397 Platform"). The 8397 Platform is Qualcomm Snapdragon's fifth-generation intelligent cockpit chip platform, which can strongly support intelligent capabilities such as on-device AI computing power, multimodal interaction, and multi-screen connectivity. This nomination covers the first batch of models in the Customer's overseas product matrix, and subsequent series of models under the same platform will also be based on the 8397 Platform. The Group adopts a mature platform-based design architecture that can accommodate multi-language and multi-regulatory requirements, supporting cross-regional parallel development and synchronized mass production. The overseas rollout of this project covers major global regions including Europe, Central and South America and Canada, the Middle East, Asia-Pacific, Central Asia, Africa, and Oceania. This first nomination for an overseas model under the flagship brand of this leading new energy vehicle OEM marks a leap in the Group's cooperation with the Customer from the domestic market to a global layout, and from a mature technology platform to a new-generation platform, fully demonstrating the Customer's high recognition of the Group's technological foundation, platform-based R&D architecture, and global delivery capabilities. As a practice of the "AI technology-core integrated software, hardware, chip, and cloud" strategy, the Group has established a comprehensive cross-regional compliance system, global supply chain management mechanism, and large-scale mass production delivery capability. This nomination is a strong testament to the Group's comprehensive globalization strength. The Company thereby continues to maintain its market-leading position in nominated projects on the 8397 Platform. Building on the intelligent technology accumulation from the domestic market, the Group will collaborate with the Customer to export China's "AI-defined vehicle" solutions to global markets. This project will become an important model for the Group's overseas market expansion, opening up greater business growth and profit potential for the Group, and injecting strong momentum into the Group's long-term high-quality development. The nomination notice is only an intent to initiate the project and does not constitute a formal supply contract. The actual supply scale and order amount shall be subject to the formal agreement and actual orders placed.