PATEO (02889.HK): Procurement Centre Vice President Liang Chen Increases H Shareholding by 27,740 Shares and Undertakes a 12-Month Lock-Up
- The share purchase was an open-market transaction that did not involve the issue of new shares and will not result in any change in the Company's total issued share capital.
- Mr. Liang has given a written voluntary lock-up undertaking not to sell, transfer or dispose of the acquired shares or create any encumbrance over them within 12 months from the date of settlement of the purchase.
NewTimeSpace News: On 16 September 2026, PATEO CONNECT Technology (Shanghai) Corporation (stock code: 02889.HK) announced that Mr. Liang Chen, vice president of the Company's procurement centre, acquired an aggregate of 27,740 H shares of the Company on the open market through the Stock Exchange's trading system by way of centralised bidding using his own funds on 16 September 2026, representing approximately 0.017% of the Company's total issued shares as at the date of the announcement, for an aggregate consideration of approximately RMB 2 million at an average price of approximately HKD 84.28 per share.
The announcement disclosed that the increase was a market transaction on the open market, did not involve the issue of new shares of the Company, and will not result in any change in the Company's total issued share capital; following completion of the increase, the Company will continue to comply with the public float requirements under the Listing Rules. Mr. Liang has also given a written voluntary lock-up undertaking to the Company that, within 12 months from the date of settlement of the purchase of the H shares acquired in the increase, he will not sell, transfer or otherwise dispose of the shares acquired in the increase, or create any other encumbrance affecting his interest therein, by any means including but not limited to on-market sales, block trades, off-market transfers by agreement, pledges, creation of trusts, equity swaps or derivative transactions.
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