PATEO Postpones Circular for 20% Equity Acquisition, New Release Targeted by 30 November 2026

Bulletin Express10-21

PATEO CONNECT Technology (Shanghai) Corporation announced a delay in issuing the shareholder circular related to its planned purchase of a 20% stake in the unnamed Target Company.

The circular—initially slated for publication on or before 21 October 2026—will now be released no later than 30 November 2026. Management cited the need for additional preparation time as the sole reason for the postponement.

According to the original timetable, the document is expected to provide: 1. Detailed terms of the acquisition. 2. Financial and operational information on the Target Group. 3. Unaudited pro-forma financial statements illustrating the combined entity’s profile. 4. Other disclosures required under the Hong Kong Listing Rules, including notice of the forthcoming extraordinary general meeting.

No changes to the acquisition structure or timetable beyond the circular deferment were disclosed. Chairman Ying Zhenkai signed the announcement dated 21 October 2026 in Shanghai. The board currently comprises 4 executive directors, 1 employee director, 2 non-executive directors, and 7 independent non-executive directors.

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