PATEO Connect Technology (Shanghai) Corporation announced that five members of its board and senior management have entered into a voluntary 12-month lock-up on all shares they hold directly or through the Group’s employee incentive platforms.

The commitment covers the following holdings: • Chairman Ying Zhenkai: 32.30 million domestic shares and 0.20 million H-shares, plus partnership interests in seven employee incentive platforms ranging from 1.36% to 6.67%. • Executive Director Zhang Fukai: 0.07 million shares and partnership interests of 12.33%, 2.27% and 20.83% in three incentive platforms. • Executive Director Xu Zhenhui: partnership interests of 6.93% and 14.55% in two incentive platforms. • Executive Director Lai Weilin: 0.02 million shares and an 8.00% partnership interest in one incentive platform. • Employee Director Zhang Yi: partnership interests of 9.30% and 8.33% in two incentive platforms.

From 13 October 2026, and for the subsequent 12 months, the participants have undertaken not to sell, transfer, pledge, place in trust or otherwise dispose of any of their PATEO shares, whether held directly or through the relevant incentive platforms.

Management states that the lock-up demonstrates confidence in PATEO’s long-term prospects and aims to stabilise investor expectations. The board advises shareholders and prospective investors to exercise caution when dealing in the company’s securities.