CAOCAO INC (02643) Unaware of Reasons for Share Price Fluctuations, Steadily Strengthening International Business Expansion

Stock News12-15

CAOCAO INC (02643) announced that the board has noted unusual fluctuations in the company's share price and trading volume recently. After conducting reasonable inquiries, the board confirmed that, as of the date of this announcement, it is unaware of any reasons for such price and volume movements or any undisclosed information that must be disclosed to prevent a false market in the company's securities. Additionally, there is no insider information requiring disclosure under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of Hong Kong law).

Currently, the group's business operations remain normal, with no significant adverse changes to its overall fundamentals. The core ride-hailing business continues to develop steadily, aligning with management expectations. Meanwhile, the company maintains a clear long-term strategic direction in autonomous driving (Robotaxi) and is progressing steadily according to plan.

Furthermore, the group is actively strengthening its international business presence, exploring overseas market opportunities and potential collaborations to support its medium-to-long-term growth strategy. The board reiterates its commitment to focusing on the core ride-hailing business while improving operational efficiency and service quality. It will also prudently advance strategic initiatives, including autonomous driving and global expansion.

Management remains cautiously optimistic about the group's long-term growth prospects.

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