HK Stock Movement | CAOCAO INC (02643) Rises Over 5% in Afternoon Trading as Management Voluntarily Locks Up Shares; Company Advances Robotaxi Commercialization

Stock News12-19

CAOCAO INC (02643) surged more than 5% in afternoon trading, reaching HK$30.58 with a turnover of HK$83.19 million by the time of writing, marking a 5.59% increase. The company announced that on December 16, a total of 19 management members voluntarily pledged not to sell shares acquired through the exercise of options under the pre-IPO share incentive plan until June 24 next year. CAOCAO INC views this voluntary lock-up as a demonstration of management's confidence in the group, supporting its sustainable, stable, and healthy development. Notably, on December 3, the company held a Robotaxi strategic upgrade conference, unveiling its "Decade, Hundred Cities, Trillion" target. The plan includes establishing five global operation centers over the next decade, covering 100 cities and achieving a cumulative gross transaction value (GTV) of RMB 100 billion. Additionally, it introduced its first future urban transport hub, the "Green Smart Mobility Island."

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