CaoCao Inc. (the “Company”) announced the successful completion of its placing of new shares under the general mandate on February 4, 2026. A total of 12,000,000 placing shares were issued at HK$32.46 per share, representing approximately 2.11% of the total number of issued shares immediately before completion and around 2.06% after the issuance.

According to the Company, the placing generated net proceeds of about HK$383 million. Of this, approximately 67.7% is designated for development of the Robotaxi business in both domestic and international markets. About 22.3% is allocated to expand enterprise services, and the remaining 10% is intended for working capital and other general corporate purposes.

Following completion of the placing, the total number of issued shares increased from 569,440,213 to 581,440,213. The Board confirmed that none of the new placees became a substantial shareholder as defined by the relevant listing rules.