Pateo Connect agrees to buy 70% stake in Chengdu Meenyi for up to RMB 1.4 billion

• Pateo Connect agreed to buy about 70% of Chengdu Meenyi for up to RMB 1.4 billion under a share transfer agreement signed Aug. 7, 2026.
• Deal covers 53,518,613 shares, giving Pateo control of a fabless designer of high-speed optical communication and analog chips used in AI data centers.
• Payment terms call for up to RMB 420 million within 30 days, then up to RMB 980 million within 60 days of closing.
• Sellers committed to revenue of at least RMB 480 million, RMB 620 million, RMB 800 million in FY2026-FY2028; pre-tax profit targets RMB 45 million, RMB 90 million, RMB 120 million.
• Pateo would be required to acquire the remaining 30% after FY2028, valuing Meenyi at RMB 2 billion to RMB 2.5 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pateo Connect Technology (Shanghai) Corporation published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260807-12277155), on August 07, 2026, and is solely responsible for the information contained therein.