Economic Information Daily, October 14 - Pateo CarConnect (02889) is currently up 6.4%, trading at HK$57.65. At this price, the stock has risen for two consecutive days, with a cumulative gain of 9.2%. The stock has traded around 120,000 shares, amounting to HK$6.96 million.
Pateo CarConnect announced that it has received a voluntary lock-up commitment from shareholder Guangzhou Ping An Consumer Equity Investment Partnership Enterprise. The lock-up period has been extended from the original 12 months starting from September 30, 2025, to 18 months starting from the listing date (inclusive). The company stated that it continues to communicate with other shareholders and expects to receive further voluntary lock-up extension commitments from additional shareholders.
Additionally, on October 13, the company received a voluntary lock-up commitment from Sanfeng Holdings Management Co., Ltd., which undertakes not to sell, transfer, dispose of the subject shares, or impose any other rights burdens affecting its ownership interests on the shares in any manner (including but not limited to secondary market sales, block trades, off-exchange agreement transfers, pledges, trust arrangements, equity swaps, or derivative transactions) within six months from the date of signing the Sanfeng Holdings lock-up commitment.
Furthermore, to further demonstrate the directors and senior management's firm confidence in the Group's long-term business development and intrinsic value, and to stabilize investor expectations, Chairman Ying Zhenkai, executive directors Zhang Fukai, Xu Zhenhui, Lai Weilin, and employee director Zhang Yi have made written voluntary lock-up commitments to the company. For 12 months from the date of the announcement, they will not sell, transfer, dispose of, or impose any other rights burdens affecting their beneficial ownership or shares held through employee incentive platforms in any manner (including but not limited to secondary market sales, block trades, off-exchange agreement transfers, pledges, trust arrangements, equity swaps, or derivative transactions).
Currently, the Hang Seng Index stands at 24,139, down 206 points or 0.8%, with main board turnover exceeding HK$12.6 billion. The Hang Seng China Enterprises Index is at 8,103, down 71 points or 0.9%. The Hang Seng Tech Index is at 4,106, down 30 points or 0.7%. (nw)
Pateo CarConnect announced that it has received a voluntary lock-up commitment from shareholder Guangzhou Ping An Consumer Equity Investment Partnership Enterprise. The lock-up period has been extended from the original 12 months starting from September 30, 2025, to 18 months starting from the listing date (inclusive). The company stated that it continues to communicate with other shareholders and expects to receive further voluntary lock-up extension commitments from additional shareholders.
Additionally, on October 13, the company received a voluntary lock-up commitment from Sanfeng Holdings Management Co., Ltd., which undertakes not to sell, transfer, dispose of the subject shares, or impose any other rights burdens affecting its ownership interests on the shares in any manner (including but not limited to secondary market sales, block trades, off-exchange agreement transfers, pledges, trust arrangements, equity swaps, or derivative transactions) within six months from the date of signing the Sanfeng Holdings lock-up commitment.
Furthermore, to further demonstrate the directors and senior management's firm confidence in the Group's long-term business development and intrinsic value, and to stabilize investor expectations, Chairman Ying Zhenkai, executive directors Zhang Fukai, Xu Zhenhui, Lai Weilin, and employee director Zhang Yi have made written voluntary lock-up commitments to the company. For 12 months from the date of the announcement, they will not sell, transfer, dispose of, or impose any other rights burdens affecting their beneficial ownership or shares held through employee incentive platforms in any manner (including but not limited to secondary market sales, block trades, off-exchange agreement transfers, pledges, trust arrangements, equity swaps, or derivative transactions).
Currently, the Hang Seng Index stands at 24,139, down 206 points or 0.8%, with main board turnover exceeding HK$12.6 billion. The Hang Seng China Enterprises Index is at 8,103, down 71 points or 0.9%. The Hang Seng Tech Index is at 4,106, down 30 points or 0.7%. (nw)
