Coolpad Group (02369) plans to discount about 15.87% and place up to 66 million shares to raise about HK$33.98 million

According to the Zhitong Finance App, Coolpad Group (02369) announced that on July 17, 2026, the company plans to place up to 66 million shares to be placed, which is equivalent to the date of this announcement, about 19.88% of the company's current issued share capital; and about 16.59% of the company's issued share capital expanded through allotment and issuance of all placed shares. The placement price was HK$0.53 per share, a discount of approximately 15.87% from the closing price of HK$0.63 per share on July 17. Assuming that all of the placed shares are fully placed, the total proceeds from the placement will be approximately HK$34.98 million, and the net proceeds are estimated to be approximately HK$33.98 million. The company plans to use all of the net proceeds from the placement to develop and expand the artificial intelligence infrastructure business, specifically to purchase artificial intelligence hardware and equipment (which will be used as core inventory for its solution business) to expand its capabilities and shorten delivery time to customers in the rapidly growing artificial intelligence market. It is expected to be used within six months ending December 31, 2026.