HK Stock Market Move | CAOCAO INC (02643) surges over 5% in early trading Management voluntarily restricts its shares Company upgrades Robotaxi strategy

CAOCAO INC (02643) rose more than 5% in early trading, up 3.78% to HK$34.04 by the time of writing with a trading volume of HK$250.498 million. On the news front, CAOCAO INC announced that on December 16, a total of 19 company management members voluntarily committed to the company that they will not sell the shares obtained after exercising the options granted under the share incentive plan before the initial public offering until June 24 of next year. The company believes that the voluntary restriction by the management members on their shares demonstrates their confidence in the group and is beneficial for the group's sustainable, stable, and healthy development. It is worth noting that on December 3, CAOCAO INC held a Robotaxi strategy upgrade conference in Hangzhou. CAOCAO INC CEO Gong Xin proposed the "Ten-year Hundred-city Billion" strategic goal, planning to establish five major operation centers globally in the next ten years and promote Robotaxi services in one hundred cities, with a cumulative achievement of 100 billion RMB GTV.