Congratulations to CaoCao Inc. (2643.HK) on its Successful Listing

Congratulations to CaoCao Inc. (2643.HK) on its successful Listing on the Mainboard of HKSE on 25 June 2025

CaoCao Inc.(“CaoCao”) is a ride hailing platform in China originally incubated by Geely Group. CaoCao connects passengers and drivers to deliver consistent and high-quality ride experiences. CaoCao upholds a commitment to user experience, which is essential for its growth into one of China’s largest ride hailing platforms. CaoCao offers an array of safe, affordable, and convenient mobility services.

With regard to this listing application, AVISTA Group is honored to be engaged in providing valuation services in relation to the fair values of employee share options, financial liabilities and financial asset.

Congratulations again to CaoCao Inc. (2643.HK) on its successful listing. The issue price of the shares is 41.94 HKD per share, and the amount of funds raised is 1.85 billion HKD.