CAOCAO INC (02643) has announced that on January 28, 2026 (before the trading session), the company entered into a placement agreement with joint placing agents. Under this agreement, the company has conditionally agreed to place up to 12 million shares at a placing price of HK$32.46 per share to no fewer than six placees on a best-efforts basis through the joint placing agents. These placees and their ultimate beneficial owners must be independent third parties. The placing price of HK$32.46 per share represents a discount of approximately 8.97% compared to the closing price of HK$35.66 per share as quoted on the Stock Exchange on the last trading day. The maximum of 12 million placing shares represents approximately 2.11% of the company's total issued share capital as of the date of this announcement, and about 2.06% of the enlarged total issued share capital upon completion of the placement. The gross proceeds from the placement are expected to be approximately HK$390 million, while the net proceeds (after deducting placing commissions and other expenses related to the placement) will be approximately HK$383 million. Based on this, the net price per placing share will be approximately HK$31.92.
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