PATEO (02889) Announces Proposed General Mandates for Share Repurchase and Issuance, EGM Scheduled for March 26, 2026

Bulletin Express03-06

PATEO (02889) plans to convene an Extraordinary General Meeting (EGM) on March 26, 2026, to seek approval for two resolutions: a general mandate to repurchase up to 10% of its H shares and a general mandate to issue up to 20% of its total shares. According to the announcement, as of the latest practicable date, the company’s total share capital stood at 149.99 million shares, comprising 71.00 million H shares and 78.99 million domestic shares.

Under the proposed repurchase mandate, the company may repurchase up to 7.10 million H shares, while the issuance mandate could involve up to 30.00 million new shares. The repurchased H shares may either be canceled or held as treasury shares. The announcement highlights that these mandates, if approved at the EGM, are intended to provide flexibility to manage the company’s capital structure in accordance with applicable regulatory requirements. The Board has recommended that shareholders vote in favor of both resolutions at the upcoming EGM.

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