PATEO (02889) founder Ying Zhenkai and CFO Zhang Fukai plan to increase their holdings by up to HKD 10 million.

PATEO (02889) announced that the Board of Directors has been informed that the founder of the group, Chairman of the Company and Executive Director/CEO Mr. Ying Zhenkai (Mr. Ying) and Executive Director, Chief Financial Officer and Company Secretary Mr. Zhang Fukai (Mr. Zhang) plan to increase their shareholding in the Company through open market share acquisitions, with a total maximum amount of HK$10 million, subject to compliance with the Listing Rules of the Hong Kong Stock Exchange and other applicable laws and regulations. According to information provided by relevant directors, the current trading price of the Company does not reflect its intrinsic value and business prospects, presenting a good opportunity to purchase shares. They intend to use their own financial resources to increase their shareholding in the Company, based on their strong support for the Group's integrated development strategy of "soft-hard core cloud" and their optimism about the long-term growth potential of businesses such as Car AI Agent, physical AI world model, Car Token value ecosystem, and Car Optical Interconnect. Therefore, they are deeply committed to aligning their long-term interests with all shareholders and conveying confidence in the Company's intrinsic value, technological competitive barriers, and future business growth to the market.