COOLPAD GROUP (02369) proposes a rights issue on a "2-for-1" basis to raise a maximum net proceeds of approximately HK$56 million.

COOLPAD GROUP (02369) announced that the Board proposes to conduct a Rights Issue on the basis of one Rights Share for every two existing Shares held on the Record Date, at a subscription price of HK$0.30 per Rights Share, calculated based on the 398 million Shares in issue as at the date of this announcement. Assuming there is no change in the total number of issued Shares from the date of this announcement up to and including the Record Date, the Company will issue a maximum of 199 million Rights Shares and raise a maximum of approximately HK$59.69 million in gross proceeds (before deducting expenses). The Rights Issue will be offered only to Qualifying Shareholders and will not be offered to Non-Qualifying Shareholders. After deducting the estimated expenses relating to the Rights Issue, the estimated net proceeds from the Rights Issue will be approximately HK$56 million. As at the date of this announcement, the Shares are traded on the Stock Exchange in board lots of 4,000 Shares. The Board proposes to change the board lot size for trading on the Stock Exchange from 4,000 Shares to 5,000 Shares, with effect from 9:00 a.m. on Friday, 13 November 2026. The Company will arrange for a matching service for odd lots to facilitate odd lot trading.