On May 28, Pateo Connect Plus declined 6.08% in regular trading, trading at 216.8 HKD/share, with trading volume of approximately 68 million HKD. The pullback comes after the stock had accumulated gains exceeding 60% within the month, fueled by a series of positive catalysts including Q1 revenue growth surpassing 100% year-over-year, a landmark partnership with NVIDIA on the DRIVE AGX Thor platform for on-vehicle large model deployment, and the appointment of former Cerence CEO Stefan Ortmanns as European business head to accelerate global expansion.

The broader Auto Parts & Equipment sector saw widespread selling pressure on the session, with Nexteer down 3.62%, HESAI-W down 2.79%, Johnson Electric Holdings down 2.47%, CALB down 2.33%, and Joyson Electronic down 2.20%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)