PATEO (02889) Receives Share Purchase of H Shares by Vice President of Procurement Center and a 12-Month Voluntary Lock-Up Undertaking, Demonstrating Firm Confidence in the Group's Development

PATEO (02889) 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, and its firm confidence in the Group's business development prospects, the execution of its "software-hardware-chip-cloud" integration 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 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 shareholding in the Company's H shares in the open market on the Hong Kong Stock Exchange using his own funds. On September 16, 2026, Mr. Liang, through the Stock Exchange trading system by way of central clearing, increased his shareholding in the Company's H shares in the open market using his own funds for a total of 27,740 H shares, representing 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. In order to further demonstrate the management team's firm confidence in the Group's long-term business development and intrinsic value, and to stabilize investor expectations, Mr. Liang has made the following written voluntary lock-up undertaking to the Company: within twelve months from the date of settlement of the purchase of the H shares acquired in this increase through the Stock Exchange, Mr. Liang will not, by any means (including but not limited to selling in the secondary market, block trades, off-market negotiated transfers, pledges, establishment of trusts, equity swaps or derivative transactions, etc.), sell, transfer, dispose of the shares acquired in this increase or create any other encumbrance on the shares acquired in this increase that affects the rights and interests held therein.