On June 3, Pateo Connect Technology rose 5.09% in regular trading, trading at HKD 227.0/share, with trading volume of HKD 46.76 million.

On the news front, the company announced on June 2 that it signed a non-binding memorandum of understanding with Ping An Capital to jointly acquire a controlling stake in a high-performance communication chip designer via cash consideration. The target company operates under a fabless model, specializing in the R&D, design, and sales of high-speed optoelectronic chips, high-performance analog chips, and related modules used in AI data centers. The target generated approximately RMB 310 million in revenue in 2025, and its optoelectronic chip products represent a scarce domestic alternative in a segment long dominated by U.S. and Japanese suppliers.

The proposed transaction aims to extend Pateo's reach into the upstream chip sector, strengthening its integrated software-hardware-chip-cloud strategy and forming a composite industrial layout combining intelligent vehicle solutions with high-performance communication chips. The move also follows the company's recent strategic partnership with NVIDIA and Q1 revenue growth exceeding 100% year-over-year, reinforcing market confidence in its diversified growth trajectory.

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