PATEO CONNECT+(02889) Directors Voluntarily Increase Holdings of H Shares in the Open Market and Make a 12-Month Voluntary Lock-Up Commitment

Zhitong Finance APP News, Botai Chelian (02889) issued an announcement that, given that the current trading price of the Company's shares fails to reflect the Company's intrinsic value, in order to reflect the Directors' 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 ecosystem, and in-vehicle optical interconnect, and to further demonstrate the high degree of alignment between the management team and the interests of the Company and all shareholders, Ms. Xu Zhenhui (Ms. Xu), an executive Director of the Company, and Mr. Zhang Yi (Mr. Zhang), an employee Director of the Company, today increased their holdings of the Company's H shares (this Increase) with their own funds on the open market of The Stock Exchange of Hong Kong Limited (the Increased Shares).