HK Stock Market Move | CAOCAO INC (02643) rises more than 5% in the afternoon, the management voluntarily restricts the sale of shares, and the company continues to advance the commercial implementation of Robotaxi.

CAOCAO INC (02643) rose by more than 5% in the afternoon, reaching a 5.59% increase at the time of writing, at 30.58 Hong Kong dollars with a trading volume of 83.19 million Hong Kong dollars. On the news front, CAOCAO INC announced that on December 16, a total of 19 company management members voluntarily pledged to the company that they would 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 lock-up commitment of the management team members to their shares demonstrates their confidence in the group and is beneficial for the group's continuous, stable, and healthy development. It is worth noting that on December 3, CAOCAO INC held a Robotaxi strategic upgrade conference, announcing the "Ten Years, Hundred Cities, Thousand Billion" strategic goal, planning to establish five major operating centers globally in the next ten years, covering 100 cities, achieving a total transaction value of 100 billion yuan, and releasing the first future city transportation hub, "Green Intelligent Passage Island."