PATEO (02889) has announced that two of its executive directors have increased their stakes in the company's H-shares, underscoring their confidence in the group's strategic direction and long-term value.

According to the announcement, the share purchases were driven by the view that the company's current trading price does not reflect its intrinsic value. The executives also expressed strong conviction in the group's business prospects, the execution of its "software-hardware-chip-cloud" integrated strategy, and the long-term investment potential across areas such as intelligent cockpits, in-vehicle AI, vehicle-side computing power ecosystems, and automotive optical interconnect technology.

Mr. Zhang Fukai, Executive Director, Chief Financial Officer, and Company Secretary, and Mr. Lai Weilin, Executive Director, purchased 40,760 and 21,860 H-shares respectively on 15 September 2026 through the open market on The Stock Exchange of Hong Kong Limited, using their own funds. The transaction amounts were approximately RMB 3 million and RMB 1.6 million, respectively.

To further demonstrate the management team's firm commitment to the group's long-term business development and intrinsic value, as well as to stabilise investor expectations, both Mr. Zhang and Mr. Lai have provided voluntary written lock-up commitments to the company. During the 12-month period commencing from the settlement date of their respective H-share purchases on the Stock Exchange, the two directors will not sell, transfer, or dispose of the acquired shares in any manner. This includes, but is not limited to, secondary market sales, block trades, off-market agreement transfers, pledges, trusts, equity swaps, or derivative transactions, nor will they create any other encumbrance affecting their beneficial interests in the purchased shares.