CaoCao Inc. (02643) will convene its annual general meeting on 8 June 2026 in Hangzhou to seek shareholder approval for new capital mandates, board reappointments and the renewal of its external auditor.

Key AGM Proposals 1. General Mandates • Share Repurchase: Directors request authority to buy back up to 10% of issued shares, equating to a maximum of 58.28 million shares based on the 582.84 million shares outstanding as at 11 May 2026. • Share Issuance: A parallel mandate would allow the board to issue up to 20% of issued share capital, or 116.57 million new shares. A further resolution seeks to extend this limit by adding any shares repurchased under the buy-back mandate.

2. Board Composition • Re-election: Chief Executive Officer Xin Gong (executive director) and non-executive directors Jinliang Liu and Yang Li will retire by rotation and stand for re-election. • Controlling Shareholder: Ugo Investment, wholly owned by founder Shufu Li, controls 71.20% of issued shares (414.97 million). Oceanpine Marvel holds 3.67% and has entrusted its voting rights to Ugo Investment, giving the latter effective voting control over 74.87% of the company.

3. Auditor • PricewaterhouseCoopers is nominated for re-appointment for the year ending 31 December 2026, with an estimated audit fee of RMB3.50 million–RMB4.50 million.

Logistics • Shareholders on record by 2 June 2026 may vote. • Proxy forms must be lodged by 4 June 2026, 48 hours before the meeting. • All resolutions will be decided by poll in accordance with Hong Kong listing requirements.