Coolpad Group (02369) plans to raise a maximum net share offering of approximately HK$56 million according to the “2 for 1” basis

According to Zhitong Finance App News, Coolpad Group (02369) issued an announcement. The board of directors proposed to issue 1 share for every 2 existing shares held on the record date. The subscription price is HK$0.30 per share of the offered share, which is calculated based on the 398 million shares already issued on the date of this announcement.

Assuming that there is no change in the total number of shares issued from the date of this announcement to the record date (including that date), the company will issue up to 199 million shares and raise a maximum total proceeds of approximately HK$59.69 million (before deducting expenses). The stock offering will only be presented to eligible shareholders and will not be presented to non-eligible shareholders. After deducting the estimated expenses relating to the share offering, the estimated net proceeds from the share offering would be approximately HK$56 million.

On the date of this announcement, shares were traded on the Stock Exchange with 4,000 shares per trading unit. The board of directors proposed changing the trading unit for each lot traded on the Stock Exchange from 4,000 shares to 5,000 shares, effective at 9:00 a.m. on November 13, 2026 (Friday). The company will arrange split share matching services to facilitate split stock transactions.