PATEO CONNECT (02889.HK) Executive Directors Boost Holdings: Chairman Ying Zhenkai Acquires 204,640 H Shares

PATEO CONNECT Technology (Shanghai) Corporation (2889.HK) issued a voluntary announcement on June 22, 2026, regarding the increase in shareholding by executive directors. Reference is made to the Company's announcement dated June 18, 2026, concerning the proposed increase in shareholding by executive directors.

The Board announces that Mr. Ying Zhenkai, the founder, Chairman, executive director and general manager of the Company, acquired an aggregate of 204,640 H shares of the Company in the open market on June 18 and June 22, 2026 pursuant to the increase plan, with a total acquisition cost exceeding HK$36 million; and Mr. Zhang Fukai, an executive director, chief financial officer and board secretary of the Company, acquired an aggregate of 29,860 H shares of the Company in the open market on June 18 and June 22, 2026 pursuant to the increase plan, with a total acquisition cost exceeding HK$5 million.

Following the above acquisitions, Mr. Ying beneficially owns and holds an aggregate of 15,554,640 H shares through the employee incentive platform, and beneficially owns an aggregate of 32,295,581 domestic shares, representing 29.99% of the Company's total issued shares (being 159,557,258 shares); and Mr. Zhang beneficially owns an aggregate of 88,008 H shares, representing 0.055% of the Company's total issued shares.

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