CaoCao Announces HKD 2.04 Million Share Buyback and Minor Option-Related Issuance

Bulletin Express09-24

Hong Kong-listed CaoCao Inc. has disclosed fresh capital-market activity, combining a targeted share repurchase with a small employee option exercise, according to its Next Day Disclosure Return filed on 24 September 2026.

The company bought back 170,000 ordinary shares on 24 September via on-exchange transactions at prices ranging from HKD 11.72 to HKD 12.37. The purchases totalled HKD 2.04 million, implying a volume-weighted average cost of HKD 11.98 per share. All repurchased shares have been retained as treasury stock.

As a result, CaoCao’s issued share capital (excluding treasury shares) decreased by 0.03% to 579.71 million shares, while its treasury-share balance rose to 6.72 million shares. Total issued shares, including treasury, stand at 586.43 million.

Concurrently, 1,500 new shares (0.00026% of outstanding shares) were issued following the exercise of employee stock options granted under the Pre-IPO Share Incentive Plan adopted in November 2022. The options were exercised at an issue price of RMB 1.692 per share.

Since shareholders approved a repurchase mandate on 8 June 2026 for up to 58.30 million shares, the company has repurchased 6.05 million shares, representing 1.04% of the share base on the mandate date. Under Hong Kong listing rules, CaoCao is subject to a 30-day moratorium on new share issues or treasury-share sales, effective until 24 October 2026.

The board confirmed that all transactions were conducted in accordance with Hong Kong Stock Exchange requirements and other applicable regulations.

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