Li Shufu voluntarily extended the lock-up period for his shares, demonstrating Geely Holding Group's confidence in the development of CAOCAO INC.

On December 31, in order to express confidence in the long-term value of the company and its future development prospects, Li Shufu, the controlling shareholder of CAOCAO INC, and his wholly-owned Ugo Investment Limited voluntarily made a commitment to refrain from selling their current direct or indirect holdings of 73.35% of the company's shares until September 30, 2026. This decision by Li Shufu to voluntarily extend the share lock-up period follows the commitment made by the company's management team. On December 16, 19 members of the management team of CAOCAO INC voluntarily committed not to sell the company's shares acquired after completing the IPO pre-share incentive plan option exercise steps until June 24, 2026. These consecutive measures send a clear signal to the capital market: the core stakeholders within CAOCAO INC are optimistic about the long-term value of the company and are willing to grow together with the company. The announcement stated that these voluntary lock-up commitments demonstrate the stakeholders' confidence in the company, which is beneficial for the company's sustainable, stable, and healthy development. On December 30, 2025, CAOCAO INC announced two major strategic acquisitions: the acquisition of 100% of Yao Chuxing's equity; and the proposed acquisition of 100% of Geely Business Travel's equity. After the completion of the two acquisitions, Yao Chuxing and Geely Business Travel will become wholly-owned subsidiaries of CAOCAO INC. This move will further upgrade CAOCAO INC's product matrix and create an all-in-one technology travel platform. Yao Chuxing and Geely Business Travel will also support CAOCAO INC's international layout. Previously, CAOCAO INC signed a cooperation memorandum with the Abu Dhabi Investment Office, and both parties will jointly promote sustainable transportation solutions based on electric and swappable vehicles, officially kicking off the global operation of Robotaxi. Yao Chuxing's service network already covers 12 international cities including Paris, Tokyo, and Seoul. Geely Business Travel also serves multiple overseas corporate clients. After this acquisition is completed, it will help CAOCAO INC accelerate its international business layout. As the most important commercial carrier of Geely Holding Group's Robotaxi, CAOCAO INC already possesses all the key elements required for Robotaxi development, establishing a development model integrating "intelligent custom vehicles + intelligent driving technology + intelligent operation," becoming the only domestic and globally rare travel company with full capabilities of "smart + manufacturing + operation" Robotaxi. Currently, CAOCAO INC is accelerating the deployment of the second generation of Robotaxi vehicles and collaborating with Geely and business partners to develop a fully custom Robotaxi model pre-installed with proprietary autonomous driving components and related applications. On December 3, the company elaborated on the "three-step" strategy of Robotaxi for the first time, proposing the strategic goal of "ten years, one hundred cities, one trillion" and releasing the world's first "green intelligent thoroughfare." In the future, the urban-level green intelligent thoroughfare will achieve seamless connection between Robotaxi and Volocopter eVTOL (electric vertical takeoff and landing aircraft) and provide full-domain communication coverage and high-precision positioning data broadcasted by the spatiotemporal aeronautical low-orbit satellite network, jointly building a "sky, earth, and space" integrated travel blueprint.