CAOCAO INC (02643) does not know the reason for the stock price fluctuation and is steadily strengthening its international business layout.

CAOCAO INC (02643) announced that the Board of Directors has noted the recent unusual changes in the company's stock price and trading volume. After conducting a reasonable inquiry, the Board confirms that as of the date of this announcement, they are not aware of any reasons that could have caused these changes in stock price and trading volume, nor any material information that must be disclosed to avoid false markets in the company's securities, or any insider information that must be disclosed in accordance with Part XIVA of the Securities and Futures Ordinance of Hong Kong. Currently, the group's business operations are normal, and there have been no significant adverse changes in the overall business fundamentals. The core ride-hailing business continues to develop steadily, in line with management's expectations; at the same time, the group's long-term strategic direction in the field of autonomous driving (Robotaxi) is clear and progressing steadily according to the established plan. Meanwhile, the group is steadily strengthening its international business expansion, actively exploring overseas markets and related cooperation opportunities to support the company's long-term development strategy. The Board hereby reiterates that the group will continue to focus on its core ride-hailing business, continuously improve operational efficiency and service quality, and advance its long-term strategic layout including autonomous driving and international expansion in a prudent manner. The company's management maintains a cautious yet positive attitude towards the long-term development prospects of the group.