PATEO Announces Proposed H Share Incentive Scheme Pending AGM Approval

Bulletin Express03-30 22:06

PATEO CONNECT Technology (Shanghai) Corporation (PATEO) disclosed that its board of directors resolved on 30 March 2026 to seek shareholder approval for an H Share Incentive Scheme designed to align management and employee interests with those of investors and to support long-term corporate growth.

The proposed plan will grant Awarded Shares sourced exclusively from (i) existing H shares purchased on or off the Hong Kong Stock Exchange and/or (ii) treasury shares transferred to a dedicated trust, ensuring no issuance of new shares. As a result, the scheme will avoid equity dilution while complying with Chapter 17 of the Hong Kong Listing Rules.

Implementation of the scheme—aimed at attracting, motivating, and retaining high-calibre talent—is contingent upon passage of special resolutions at the forthcoming annual general meeting. PATEO will distribute a circular with full details and AGM arrangements in due course.

The company advises shareholders and potential investors to exercise caution when trading its securities pending further information.

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