CAOCAO INC (02643) Controlling Shareholder Voluntarily Extends Lock-up Commitment, Expressing Confidence in Company's Development Prospects

Stock News2025-12-31

CAOCAO INC (02643) announced that the company has been informed by its controlling shareholder, Mr. Li Shufu, and his wholly-owned Ugo Investment Limited. To demonstrate their confidence in the company's long-term value and future development prospects, they have voluntarily pledged to the company that until September 30, 2026 (inclusive), they will not sell, transfer, or entrust the management of their direct or indirect holdings of approximately 73.35% of the company's shares in any manner. The company believes that the controlling shareholder's voluntary extension of the lock-up period demonstrates their confidence in the group and is beneficial for the company's sustained, stable, and healthy development.

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