Coolpad Group (02369) plans to offer a discount of approximately 15.87% for the placement of up to 66 million shares, raising approximately HK$33.98 million.

COOLPAD GROUP (02369) announced that on July 17, 2026, the company plans to issue up to 66 million shares for sale, equivalent to approximately 19.88% of the existing issued share capital as of the announcement date; and after the issuance and sale of all shares for sale, the company's issued share capital will be approximately 16.59%. The sale price for each share for sale is HK$0.53, at a discount of approximately 15.87% from the closing price of HK$0.63 on July 17. Assuming all shares for sale are fully allocated, the total proceeds from the sale is expected to be around HK$349.8 million, with an estimated net proceeds of approximately HK$339.8 million. The company plans to use the net proceeds from the sale for the development and expansion of its artificial intelligence infrastructure business, specifically for the purchase of AI hardware and equipment (to be used as core inventory for its solutions business) to enhance its capabilities and reduce delivery time to customers in the rapidly growing AI market, with utilization expected within the six months ending on December 31, 2026.