COOLPAD GROUP (02369) intends to further repurchase shares.

Coolpad Group (02369) announced that, in order to promote the sustainable operation and development of the company, safeguard the long-term interests of investors, and maximize shareholder value, the Board of Directors has carefully considered the company's current operating and financial conditions, as well as future prospects. The Board hereby announces its decision to further repurchase shares on the open market, with the actual repurchase price per share not exceeding 5% (including 5%) of the average closing price of the shares for the five trading days immediately preceding each repurchase. The management team of the company is confident in the future prospects of the Group. The share repurchase plan reflects the confidence of the Board of Directors and management team in the long-term business outlook and growth of the company. The Board believes that the share repurchase plan is in the overall best interests of the company and its shareholders. Furthermore, given the current utilization of the share repurchase plan and existing repurchase authorization, the Board intends to update the existing repurchase authorization to allow for the repurchase of more shares as needed. The company will convene a special shareholder meeting to seek approval from shareholders to update and revise the existing repurchase authorization.