CAOCAO INC (02643) enters the overseas travel market. The first batch of 10 cities in 6 countries achieves the freedom of taking taxis abroad.

Recently, CAOCAO INC (02643) released a guide for overseas travel, opening up overseas travel services in multiple countries and regions. The initial batch of services covers 10 popular tourist cities in Singapore, South Korea, Malaysia, Thailand, the Philippines, Vietnam, and Hong Kong, meaning that domestic users do not need to download local taxi-hailing apps separately. They can directly hail a taxi abroad through the CAOCAO INC app, greatly simplifying the process of overseas travel. Starting today, users only need to open the CAOCAO INC app and switch their location to the supported countries and regions mentioned above in order to enjoy "one-stop taxi freedom." For example, in Singapore, if a user is traveling there for a winter vacation, they can fulfill all their local transportation needs, such as traveling from Changi Airport to the hotel, visiting famous attractions like the Merlion Park, exploring the Nanyang cuisine in areas like Geylang, all through the CAOCAO INC app. The app will intelligently recommend pickup locations based on the user's current location, helping users and drivers to meet quickly. According to the latest "2025/26 Travel Trends Report" released by ITB CHINA, the number of outbound trips from mainland China exceeded 145 million in 2024, and it is expected that the number of tourists from mainland China traveling to various destinations globally will continue to grow in 2025. Against this industry background, the demand for convenient and localized overseas travel services from domestic tourists is becoming increasingly prominent. Previously, Chinese tourists faced language barriers, incompatible payment methods, and unfamiliar local software when hailing taxis abroad. CAOCAO INC's overseas travel service conveniently addresses these pain points. As the strategic platform for Geely Holding Group's intelligent shared mobility ecosystem, CAOCAO INC currently covers 163 cities nationwide, with an average of 38.1 million monthly active users and operates over 37,000 customized vehicles in more than 30 cities nationwide. It is the largest technology-based travel platform listed on the Hong Kong Stock Exchange. The newly launched overseas travel service has a unified Chinese interface, provides real-time online Chinese translation, and offers Renminbi mobile payment methods that are compatible with domestic habits, eliminating the need for exchanging foreign currency or binding overseas payment instruments. As a leading domestic ride-hailing app, the branded service has upgraded the experience of hailing taxis abroad. In the rapidly developing international market, CAOCAO INC's overseas travel services have already landed in cities such as Hong Kong, Singapore, Seoul, Busan, Jeju, Kuala Lumpur, Kota Kinabalu, Bangkok, Ho Chi Minh City, and Phnom Penh, and will further expand to popular cities worldwide. The convenience of "one-stop" taxi-hailing and the rich experience of domestic travel services will not only provide Chinese tourists with worry-free and reassuring international travel services but also enable more local residents to experience the convenience offered by Chinese travel apps.