PATEO (02889): Huzhou Chuang Sheng Chi Ming Equity Investment to Sell 0.24% Stake in Avatr Tech (Chongqing) for RMB 62.44 Million

Stock News11-21

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 a Share Transfer Agreement II with Buyer IV (Wuhu Henghe No. 3 Venture Investment Fund Partnership). Under the agreement, the seller agreed to sell and Buyer IV agreed to purchase a 0.24% equity stake in the target company, Avatr Tech (Chongqing) Co., Ltd., for RMB 62.44 million. Upon completion of the transaction, the seller will no longer hold any equity in the target company.

Avatr Tech (Chongqing) is a joint-stock company established in China on July 10, 2018, primarily engaged in automobile manufacturing.

The current sale, along with previous transactions, totals a 0.91% stake divestment in the target company. The decision was driven by two key considerations: first, to lock in investment returns, enhance cash liquidity, and realize timely profit realization; second, to mitigate the impact of fair value fluctuations on short-term financial performance, thereby improving stability and predictability. This allows the company to focus more on its core business development and long-term strategic objectives.

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