Coolpad says HK$33.98 million placing proceeds to fund AI infrastructure business expansion

• Coolpad issued a supplemental clarification on its planned placing of up to 66,000,000 new shares at HK$0.53 each.
• Net proceeds estimated at about HK$33.98 million, earmarked entirely for an AI infrastructure and solutions push, not general working capital.
• About 93% of net proceeds allocated to procuring AI server hardware as core inventory, mainly complete units, to shorten delivery cycles.
• Clarified the AI infrastructure plan as an extension of existing hardware operations, not a new business segment at this stage.
• Positioned the AI server activity as more than pure trading, with configuration, testing, installation, or deployment work embedded in product pricing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Coolpad Group Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260805-12273779), on August 05, 2026, and is solely responsible for the information contained therein.