PATEO (02889) Plans to Implement H-Share Full Circulation Scheme

Stock News07-13

PATEO (02889) has announced a proposal to implement an H-share full circulation plan. Based on the relevant business guidelines and considering expressions of interest received from shareholders, the company's board of directors approved a plan on July 13, 2026. The proposal involves converting approximately 71.6978 million domestic shares, representing about 44.31% of the company's total issued shares as of the announcement date, into H-shares.

As of the date of this announcement, the company has not yet submitted the application filing documents for the H-share full circulation to the China Securities Regulatory Commission. The conversion of these domestic shares into H-shares and the subsequent listing and trading of these H-shares on the Main Board of The Stock Exchange of Hong Kong are contingent upon obtaining all necessary approvals and/or completing required filings. This includes receiving the filing notice from the CSRC and approval from the HKEX, as well as complying with all applicable laws, regulations, and rules.

According to the company's articles of association, the implementation of the H-share full circulation plan does not require further approval from the company's shareholders.

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