PATEO (02889.HK): directors pledge 12-month lock-up

NewTimeSpace News: On 13 October 2026, PATEO CONNECT Technology (Shanghai) Corporation (stock code: 02889.HK) said its directors and senior management gave voluntary lock-up undertakings to demonstrate confidence in the Group's long-term development and intrinsic value and to stabilise investor expectations: Ying Zhenkai, Zhang Fukai, Xu Zhenhui, Lai Weilin and Zhang Yi.

Within 12 months from the date of the announcement, they will not sell, transfer or dispose of, or create any encumbrance affecting their interests over, the shares beneficially owned by them or held through employee incentive platforms, including through on-market sales, block trades, pledges, trusts, share swaps or derivatives. Ying Zhenkai owns 32,295,581 domestic shares and 204,640 H shares, Zhang Fukai 70,700 shares and Lai Weilin 21,860 shares, and each holds partnership interests in certain employee incentive platforms.