PATEO CONNECT Shareholders Approve Governance Overhaul at Extraordinary Meeting

PATEO CONNECT Technology (Shanghai) Corporation Class H ( (HK:2889) ) has provided an announcement.

PATEO CONNECT Technology (Shanghai) Corporation reported that shareholders at its extraordinary general meeting on 31 December 2025 approved all resolutions put forward by the board, with participation representing about 50.7% of the company’s issued share capital. The meeting, which complied with PRC corporate law and the company’s articles, saw strong support for governance changes including the abolition of the Supervisory Committee, amendments to the Articles of Association, revisions to the rules of procedure for shareholders’ meetings and board meetings, updates to the working procedures of independent non-executive directors, and an adjustment to the remuneration of an independent non-executive director. These decisions collectively signal a restructuring of the company’s governance framework and decision-making processes, potentially streamlining oversight and aligning board and shareholder procedures more closely with its evolving corporate and regulatory environment.

More about PATEO CONNECT Technology (Shanghai) Corporation Class H

PATEO CONNECT Technology (Shanghai) Corporation is a joint stock company incorporated in the People’s Republic of China and listed in Hong Kong under stock code 2889. The company has both domestic shares and H shares, with a shareholder base that includes PRC and international investors, and operates under the PRC Company Law and Hong Kong Listing Rules.

Average Trading Volume: 101,501

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