Pateo Connect Technology plans on-market H-share buyback; repurchase mandate authorizes up to 7.1 million shares

Reuters03-26

Pateo Connect Technology plans on-market H-share buyback; repurchase mandate authorizes up to 7.1 million shares

Pateo Connect said its board intends to conduct on-market repurchases of its H shares under a general repurchase mandate approved at an extraordinary general meeting.
The mandate authorizes repurchases of up to 10% of H shares outstanding, or up to 7,099,784 shares.
The company said any repurchase price per H share will be capped at 5% above the average closing price over the five trading days immediately preceding each repurchase.
Repurchases may be carried out from time to time starting after the first trading day following the board meeting to approve annual results and ending by the next annual general meeting.
Pateo Connect said shares repurchased may be canceled or held as treasury shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pateo Connect Technology (Shanghai) Corporation published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260326-12069674), on March 26, 2026, and is solely responsible for the information contained therein.

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