CaoCao Inc. Schedules 8 June 2026 AGM; Seeks 10% Buy-back Mandate, 20% Issuance Capacity and Board Changes

Bulletin Express05-13

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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