CAOCAO INC (02643) plans to offer a discount of around 8.97% for the sale of up to 12 million shares, raising approximately 383 million Hong Kong dollars.

CAOCAO INC (02643) announced that on January 28, 2026 (before trading hours), the company entered into a placing agreement with joint placing agents. According to this agreement, the company has conditionally agreed to place up to 12 million shares at a placing price of HK$32.46 per share to not less than six placees on a best efforts basis. The placees and their ultimate beneficial owners must be independent third parties. The placing price of HK$32.46 per share represents a discount of approximately 8.97% to the closing price of HK$35.66 per share on the final trading day on the Stock Exchange. The maximum of 12 million shares to be placed represent approximately 2.11% of the total number of issued shares of the company as of the date of this announcement, and approximately 2.06% of the enlarged issued share capital after completion of the placing. The expected gross proceeds from the placing are approximately HK$390 million, with expected net proceeds (after deduction of placing commission and other expenses of the placing) of approximately HK$383 million. Based on this, the net price per share will be approximately HK$31.92.