PATEO (02889) has announced the completion of its acquisition of a 70% stake in Chengdu Mingyi Electronic Technology, according to a company filing.

On August 7, 2026, the company entered into a share transfer agreement with the transferor, the actual controller of the target company, and Chengdu Mingyi, under which the company conditionally agreed to acquire approximately 70% equity in Chengdu Mingyi (53.5186 million shares) for a total consideration of no more than RMB 1.4 billion.

The transaction was completed on October 2, 2026, in accordance with the terms and conditions of the share transfer agreement.

Following the closing, the company holds a total of 53.5186 million shares in the target company, representing approximately 70% of its total issued share capital.

The target company has become a non-wholly owned subsidiary of PATEO, and its financial results will be consolidated into the group's consolidated financial statements.