PATEO: Huzhou Chuang Sheng Chi Ming Equity Investment to Sell 0.24% Stake in Avatr Technology (Chongqing) for RMB 62.44 Million

Deep News11-24

PATEO (02889) announced that on November 21, 2025, the seller, Huzhou Chuang Sheng Chi Ming Equity Investment Partnership (a non-wholly owned limited partnership of the company), entered into Equity Transfer Agreement II with Buyer Four (Wuhu Henghe No. 3 Venture Investment Fund Partnership). According to the agreement, the seller agreed to sell and Buyer Four agreed to purchase a 0.24% equity stake in the target company, Avatr Technology (Chongqing) Co., Ltd., for RMB 62.44 million. Upon completion of this transaction, the seller will no longer hold any equity in the target company.

Avatr Technology (Chongqing) is a company incorporated in China on July 10, 2018, primarily engaged in the automotive manufacturing industry.

The current sale, combined with previous transactions, totals a 0.91% stake divestment in the target company. The decision is based on the following considerations: First, it aims to lock in investment returns, realize timely profit realization, and enhance the company's cash liquidity. Second, it helps mitigate the uncertainty impact of fair value fluctuations of this investment on short-term performance, improving financial stability and predictability. This allows the company to focus more on its core business development and long-term strategic objectives.

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