PATEO (02889) has announced that its board of directors has been informed of plans by the company's founder, Chairman, Executive Director, and General Manager, Ying Zhenkai, and its Executive Director, Chief Financial Officer, and Board Secretary, Zhang Fukai, to increase their shareholdings in the company.

The planned acquisition, to be conducted in the open market, involves a total amount not exceeding HK$10 million, subject to compliance with the Hong Kong Stock Exchange's listing rules and other applicable laws and regulations.

According to the relevant directors, the company's current trading price does not reflect its intrinsic value and business outlook, presenting a favorable opportunity for share purchases.

They intend to use their own financial resources to fund the increased holdings, a move based on their strong endorsement of the group's integrated "soft-hard-core-cloud" development strategy and their firm confidence in the long-term growth potential of businesses such as in-vehicle AI Agents, physical AI world models, in-vehicle token value ecosystems, and in-vehicle optical interconnectivity.

This action aims to align their long-term interests closely with those of all shareholders and to convey to the market their confidence in the company's intrinsic value, technological competitive advantages, and future business growth.