Coolpad Group (02369.HK) plans to discount approximately 15.87% to sell up to 66 million shares, with a net of about 33.98 million Hong Kong dollars raised.

Intelligent Financial News APP, Coolpad Group (02369.HK) announced that on July 17, 2026, the company plans to offer up to 66 million shares for sale, representing approximately 19.88% of the company's issued share capital on the date of this announcement; and after the issuance and sale of all the 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, representing a discount of approximately 15.87% from the closing price of HK$0.63 per share on July 17. Assuming all shares for sale are sold, the total proceeds from the sale are estimated to be approximately HK$34.98 million, with a net proceeds estimate of approximately HK$33.98 million. The company plans to use the entire net proceeds from the sale for the development and expansion of its artificial intelligence infrastructure business, specifically for the purchase of artificial intelligence hardware and equipment (to be used as core inventory for its solution business) to enhance its capabilities and shorten delivery times to customers in the rapidly growing artificial intelligence market, expected to be utilized within the six months ending on December 31, 2026.