According to the Zhitong Finance App, Coolpad Group (02369.HK) announced that on July 17, 2026, the company plans to place up to 66 million placed shares, which is equivalent to the date of this announcement. The company's current issued share capital is about 19.88%; and the company's issued share capital expanded through allotment and issuance of all placed shares is about 16.59%. 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.

According to the Zhitong Finance App, Coolpad Group (02369.HK) announced that on July 17, 2026, the company plans to place up to 66 million placed shares, which is equivalent to the date of this announcement. The company's current issued share capital is about 19.88%; and the company's issued share capital expanded through allotment and issuance of all placed shares is about 16.59%. 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.