On June 10, Pateo Connect Technology fell 5.1% in regular trading, trading at 207.2 HKD/share, with trading volume of 36.79 million HKD.

On the news front, the company announced on June 2 a planned joint acquisition with Ping An Capital of a controlling stake in a high-performance optoelectronic chip designer. While the stock surged over 12% intraday on June 3, it has since undergone sustained correction as market skepticism intensified. Analysts noted that leading automakers such as BYD have already achieved self-developed 4nm automotive-grade chips, while Pateo remains dependent on third-party chip platforms. The target company's auxiliary optical chips are fundamentally different from core processing chips, and this bolt-on acquisition may not resolve the company's late-mover disadvantage. Additionally, over 4.56 million new H-shares issued in May added near-term supply pressure. Although the company announced a three-party strategic cooperation agreement on June 8 with Xunce Technology and Saimu Technology to develop vehicle Token economy, this failed to restore market confidence, and profit-taking from the earlier rally continued to weigh on the stock.

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