To The Moon

Coolpad Group (02369) has announced that its board of directors recommends a rights issue on the basis of one rights share for every two existing shares held on the record date, at a subscription price of HK$0.30 per rights share, calculated based on the 398 million shares in issue as of the date of this announcement.

Assuming no change in the total number of issued shares from the date of this announcement to the record date (inclusive), the company will issue a maximum of 199 million rights shares and raise gross proceeds of up to approximately HK$59.69 million (before deducting expenses). The rights issue will be offered only to qualifying shareholders and will not be extended to non-qualifying shareholders.

After deducting estimated expenses related to the rights issue, the estimated net proceeds from the rights issue will be approximately HK$56 million.

As of the date of this announcement, the shares are traded on the Stock Exchange in board lots of 4,000 shares. The board further recommends that the board lot size for trading on the Stock Exchange be changed from 4,000 shares to 5,000 shares, effective from 9:00 a.m. on Friday, November 13, 2026.

The company will arrange an odd lot matching service to facilitate the trading of odd lots.