Deloitte China assists listings of PATEO and HIPINE on SEHK

We are delighted to share that Deloitte China supported the listings of PATEO CONNECT Technology (Shanghai) Corporation and Shenzhen Hipine Precision Technology Co. on the Stock Exchange of Hong Kong (SEHK) on 30 September 2025.

PATEO CONNECT Technology (Shanghai) Corporation  - H Share

PATEO CONNECT Technology (Shanghai) Corporation – H Share (PATEO, stock code: 02889.HK) offered about 10.44 million shares at HKD102.23 each, raising around HKD1.07 billion.

^{Representatives of PATEO, Deloitte China, and other professional intermediaries attend PATEO’s listing ceremony at Hong Kong Stock Exchange.}

^{(From left) Stone Chen, Audit & Assurance (A&A) partner of Deloitte China; Irene Zuo and Wendy Tang, A&A managers; Nadean Chen, A&A senior manager; Louis Wong, A&A partner; and Tony Wang, Strategy, Risk & Transactions (SR&T) partner of Deloitte China attend PATEO’s listing ceremony at Hong Kong Stock Exchange.}

Client overview

PATEO is a smart cockpit solution provider in China. PATEO stands among the few enterprises that first developed smart cockpit solutions, ahead of most of its peers. While other smart cockpit solution providers primarily focus on hardware, PATEO differentiates itself by offering smart cockpit solutions that integrate software, hardware and cloud-based vehicle connectivity. This approach ensures an integrated solution tailored to meet diverse customer needs.

_{Source: PATEO IPO prospectus published on 22 September 2025}

Shenzhen Hipine Precision Technology Co., Ltd.

Shenzhen Hipine Precision Technology Co., Ltd. (HIPINE, stock code: 02583.HK) offered about 10.6 million shares at HKD29.6 each, raising around HKD314 million.

^{(from left) Simon Kwan, A&A  director of Deloitte China; Vincent Luo, A&A manager; Sandra Tse, A&A partner; Li Yangjin, Executive Director, Board Secretary, Deputy General Manager, CFO and Joint Company Secretary of Shenzhen Hipine Precision Technology; Li Yongzhong, Chairman and Executive Director of Shenzhen Hipine Precision Technology; Jacqueline Chow, Southern Region Offering Services Partner of Deloitte China's Capital Market Services Group; Krates Chan, A&A partner; and Tracy Wu, Assurance director attend HIPINE’s listing ceremony at Hong Kong Stock Exchange.}

^{(from left) Tracy Wu, Sandra Tse, Li Yangjin, Jacqueline Chow, Simon Kwan and Vincent Luo attend HIPINE’s listing ceremony at Hong Kong Stock Exchange.}

Client overview

HIPINE is a designer, manufacturer and brand-owner of gold-case watches and gold-bezel watches in China, which is engaged in selling gold-case watches and gold-bezel watches designed and manufactured under its flagship proprietary brand “HIPINE” and being ODM manufacturer for third-party domestic jewellery brands and wholesalers, including developing and manufacturing watches and accessories under their labels and providing subcontract processing services to them.

In 2024, HIPINE was the largest precious metal watch-24K gold brand and the largest partial precious metal watch-24K gold brand in terms of GMV in China.

_{Source: HIPINE's IPO prospectus published on 19 September 2025}

Deloitte's role

As a core service institution of these new listing engagements, Deloitte China has been deeply involved in the entire process of offering reporting, fundraising and listing of the two clients. These two successful listings demonstrate Deloitte's professional service capabilities in serving clients in different, diverse capital markets.

In both engagements, our teams worked closely with various professional parties, provided high-quality services with rich industry experience and excellent professional capabilities and assisted both clients in their Hong Kong IPO filings to the SEHK. We also assisted to complete their filing work smoothly at each stage and cooperated with all related professional parties to achieve the listings on the SEHK.

Deloitte China congratulates PATEO and HIPINE on their successful listing on the SEHK. We will continue to provide high quality professional services and outstanding resources integration to assist more clients to take one-step ahead in today's increasingly competitive and complex business environment.