COOLPAD GROUP has announced a proposed share placement. The company intends to place up to 66 million new shares, representing approximately 19.88% of its existing issued share capital as of the announcement date, and about 16.59% of the enlarged share capital following the placement.

The placement price is set at HK$0.53 per share, representing a discount of approximately 15.87% to the closing price of HK$0.63 per share on July 17, 2026. Assuming the full placement of all shares, the gross proceeds are expected to be around HK$34.98 million, with estimated net proceeds of approximately HK$33.98 million.

The company plans to allocate the entire net proceeds from the placement towards the development and expansion of its artificial intelligence infrastructure business. Specifically, the funds will be used to procure AI hardware and equipment, which will serve as core inventory for its solutions business. This move aims to enhance its capabilities and reduce delivery times to clients within the rapidly growing AI market. The company expects to utilize these funds within the six-month period ending December 31, 2026.