Pateo Auto Link Approved to Repurchase Up to 10% of H Shares

On March 26, Pateo Connect+ announced that its extraordinary general meeting of shareholders had approved a special resolution granting the board of directors a general mandate to repurchase shares. Under this authorization, the company may repurchase up to 10% of its issued H-shares on the open market, equivalent to no more than 7,099,784 shares. The company stated that the share buyback aims to safeguard shareholder interests, bolster investor confidence, and support its long-term, sustainable growth. As an automotive intelligent solutions provider centered on AI technology, Pateo Connect+ has established full-stack capabilities encompassing software, hardware, cloud services, and chips, maintaining a leading position in the high-end intelligent cockpit segment. Since its listing on the Hong Kong Stock Exchange, the company has secured multiple high-end project nominations and received initial coverage from several top-tier securities firms, all of which have assigned it a “Buy” rating. Moving forward, Pateo Connect+ will continue to focus on its intelligent cockpit business and drive value creation through AI-driven technological innovation.