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Pateo AutoLink disclosed in a notice that it has entered into a placing agreement with a designated placing agent. According to the agreement, the placing agent will conditionally serve as the company's agent for the share placement and will make every effort to secure subscriptions from at least six investors for up to 4,888,960 new H shares at a price of HK$120.28 per share. This placing price reflects a discount of roughly 14.39% compared to the closing price of HK$140.50 per share on the Hong Kong Stock Exchange on September 7, 2026 (the final trading day and the date used to determine the placing price). The placement is projected to generate total gross proceeds of approximately HK$588 million, with net proceeds estimated at around HK$578 million after accounting for relevant fees and expenses. This results in a net price of approximately HK$118.30 per share placed.
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