PATEO boosts share capital by 3.70% through option exercise and H-share placing

Bulletin Express06-23

PATEO CONNECT Technology (Shanghai) Corporation disclosed a Next Day Disclosure Return indicating a combined issuance of 2.96 million new H shares in June 2026, expanding its issued share capital by 3.70%.

Key details 1. Employee option conversion • On 2 June 2026, 699,384 H shares were issued after employees exercised options granted under the Pre-IPO Share Option Scheme. • The new shares represented 0.88% of PATEO’s 79.86 million issued shares prior to the transaction and were priced at RMB 1.00 per share.

2. Placing under general mandate • On 22 June 2026, the company completed a placing of 2,259,300 new H shares at HKD 173.40 per share. • The issuance accounted for 2.83% of the pre-placement share base.

Post-issuance share capital • Outstanding H shares (excluding treasury shares) increased from 79.86 million to 82.82 million. • The company reported no treasury shares, repurchases, or redemptions as of 22 June 2026.

All share issues were authorised by the board and carried out in accordance with Hong Kong Stock Exchange requirements, with full receipt of proceeds confirmed.

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