PATEO (02889.HK) directors Xu Zhenhui and Zhang Yi raise H-share stakes by HK$1.18m, with 12-month lock-up

NewTimeSpace News: PATEO CONNECT Technology (Shanghai) Corporation (PATEO, 02889.HK) announced that, as the current trading price of its shares fails to reflect intrinsic value, executive director Xu Zhenhui and staff director Zhang Yi increased their H-share holdings with their own funds in the open market on 30 October 2026.

Ms. Xu increased her holding by 14,160 H shares for about HK$630,000, at an average price of about HK$44.42 each, while Mr. Zhang increased his holding by 11,900 H shares for about HK$550,000, at an average price of about HK$46.59 each. After the increases, Ms. Xu and Mr. Zhang beneficially own 72,308 H shares (about 0.043%) and 70,048 H shares (about 0.042%) respectively.

Ms. Xu and Mr. Zhang have also given a 12-month voluntary lock-up undertaking, agreeing not to sell, transfer or dispose of the increased shares or create any encumbrances within 12 months from the settlement date. The increases involved no new share issuance and will not change the total issued share capital.