CaoCao Inc. Executes HKD 2.07 Million Share Buyback; Minimal Option Exercise Marginally Offsets Outstanding Share Reduction

Bulletin Express09-25

CaoCao Inc. disclosed that on 25 September 2026 it repurchased 170,000 ordinary shares on the Hong Kong Stock Exchange for an aggregate HKD 2.07 million. The shares, acquired at prices ranging from HKD 11.97 to HKD 12.26, represent 0.03 % of the company’s 579.71 million issued shares (excluding treasury shares) outstanding before the transaction. All repurchased shares have been retained as treasury stock.

On the same day, 500 new ordinary shares were issued following the exercise of employee options granted under the November 2022 Pre-IPO Share Incentive Plan at an exercise price of RMB 1.692 per share. This issuance added a negligible 0.00009 % to the share count.

After factoring in both the buyback and the option exercise, CaoCao’s issued share capital (excluding treasury shares) decreased to 579.54 million shares, while treasury shares increased to 6.89 million, keeping the total share count broadly unchanged at 586.43 million.

Under the repurchase mandate approved on 08 June 2026, the company is authorised to repurchase up to 58.30 million shares. Including the latest transaction, 6.22 million shares, or 1.07 % of the shares outstanding on the mandate date, have been repurchased to date. In accordance with Hong Kong listing rules, CaoCao is subject to a moratorium on issuing new shares or disposing of treasury shares until 25 October 2026.

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