PATEO CONNECT (02889.HK) Receives H Share Increase by Vice President of Procurement Center and Makes a Twelve-Month Voluntary Lock-Up Commitment, Demonstrating Strong Confidence in the Group's Development

Zhitong Finance APP News, Botai Chelian (02889.HK) announced that, in view of the fact that the current trading price of the Company's shares does not reflect the Company's intrinsic value, as well as its firm confidence in the Group's business development prospects, the execution of the "software-hardware-chip-cloud" integrated strategy, and the long-term investment value in frontier directions such as intelligent cockpits, in-vehicle AI, vehicle-side computing power ecosystems, and in-vehicle optical interconnect, and in order to further demonstrate the high degree of alignment between the management team and the interests of the Company and all shareholders, Mr. Liang Chen, Vice President of the Company's Procurement Center, today increased his holdings of the Company's H shares in the open market on the Hong Kong Stock Exchange using his own funds. On September 16, 2026, through the Stock Exchange trading system by way of centralized bidding, Mr. Liang used his own funds to increase his holdings of the Company's H shares in the open market by a total of 27,740 shares, accounting for approximately 0.017% of the total number of issued shares of the Company as at the date of this announcement, with a total transaction amount of approximately RMB 2 million, at an average transaction price of approximately HKD 84.28 per share.