PATEO (02889) announced that Ping An Capital Co., Ltd. issued a Strategic M&A Support Letter of Intent to the company on April 13, 2026, expressing preliminary interest in providing support including but not limited to merger and acquisition funding, joint acquisitions, and project consulting services. According to the letter, Ping An Capital intends to offer up to $1 billion in various forms of financial support over the next five years to assist PATEO in its strategic expansion within the industrial M&A sector. To this end, Ping An Capital will collaborate with industrial or other private equity investment funds to conduct joint acquisitions of high-quality projects, helping PATEO enhance its industrial layout and build an intelligent automotive ecosystem while ensuring efficient and flexible allocation of M&A funds. Based on strong recognition of PATEO's core competitiveness and strategic value in developing integrated automotive and mobile terminal solutions centered on AI technology, Ping An Capital will provide full financial support for the company's strategic development and industrial integration plans. Both parties will engage in in-depth discussions on collaboration opportunities within the smart vehicle ecosystem, leveraging their respective resources and strengths to advance long-term strategic cooperation and achieve mutual growth and value creation. The Strategic M&A Support Letter of Intent is a preliminary non-binding statement of intent aimed at strengthening cooperation. Specific agreements will be signed separately during the course of actual business collaboration.