New Risk • Jul 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (HK$258.9m market cap, or US$33.0m). Announcement • Apr 27
Coolpad Group Limited, Annual General Meeting, May 20, 2026 Coolpad Group Limited, Annual General Meeting, May 20, 2026, at 15:00 China Standard Time. Location: 20th floor, block c, coolpad building, no. 8 of gaoxin north 1st road, north of hi-tech park, nanshan district, shenzhen China Reported Earnings • Mar 30
Full year 2025 earnings released: HK$0.28 loss per share (vs HK$0.62 loss in FY 2024) Full year 2025 results: HK$0.28 loss per share (improved from HK$0.62 loss in FY 2024). Revenue: HK$273.1m (down 45% from FY 2024). Net loss: HK$111.0m (loss narrowed 56% from FY 2024). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Announcement • Mar 13
Coolpad Group Limited to Report Fiscal Year 2025 Results on Mar 31, 2026 Coolpad Group Limited announced that they will report fiscal year 2025 results on Mar 31, 2026 Board Change • Feb 28
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Ho kan Cheuk was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 29
Coolpad Group Limited Announces Change of Principal Place of Business in Hong Kong The board of directors of Coolpad Group Limited announced that with effect from 30 November 2025, the principal place of business of the Company in Hong Kong will be changed to Suits 1105, 11th Floor, Central Plaza, No. 18 Harbour Road, Wanchai, Hong Kong. Reported Earnings • Aug 27
First half 2025 earnings released: HK$0.20 loss per share (vs HK$0.22 loss in 1H 2024) First half 2025 results: HK$0.20 loss per share (improved from HK$0.22 loss in 1H 2024). Revenue: HK$174.6m (down 31% from 1H 2024). Net loss: HK$80.3m (loss narrowed 11% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Announcement • Aug 13
Coolpad Group Limited to Report First Half, 2025 Results on Aug 25, 2025 Coolpad Group Limited announced that they will report first half, 2025 results on Aug 25, 2025 New Risk • Jul 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-HK$539m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 11% per year over the past 5 years. Minor Risks Significant insider selling over the past 3 months (HK$1.6m sold). Market cap is less than US$100m (HK$469.2m market cap, or US$59.8m). Board Change • Jun 24
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Ho kan Cheuk was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jun 10
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$16.1m (US$2.05m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-HK$539m free cash flow). Earnings have declined by 11% per year over the past 5 years. Market cap is less than US$10m (HK$16.1m market cap, or US$2.05m). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Significant insider selling over the past 3 months (HK$1.6m sold). Announcement • Jun 07
Coolpad Group Limited Announces Retirement and Resignation of Ng Wai Hung as Non-Executive Director, Effective 7 June 2025 The Board of Coolpad Group Limited announced that Mr. Ng Wai Hung has retired and resigned as a non-executive Director with effect from 7 June 2025, as he wishes to devote more time to his other commitments. Reported Earnings • Apr 26
Full year 2024 earnings released: HK$0.015 loss per share (vs HK$0.015 loss in FY 2023) Full year 2024 results: HK$0.015 loss per share (in line with FY 2023). Revenue: HK$499.3m (up 63% from FY 2023). Net loss: HK$252.2m (loss widened 14% from FY 2023). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings. Announcement • Apr 23
Coolpad Group Limited, Annual General Meeting, Jun 06, 2025 Coolpad Group Limited, Annual General Meeting, Jun 06, 2025, at 15:00 China Standard Time. Announcement • Mar 17
Coolpad Group Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 Coolpad Group Limited announced that they will report fiscal year 2024 results on Mar 28, 2025 Reported Earnings • Mar 02
First half 2024 earnings released: HK$0.006 loss per share (vs HK$0.009 loss in 1H 2023) First half 2024 results: HK$0.006 loss per share (improved from HK$0.009 loss in 1H 2023). Revenue: HK$252.3m (up 47% from 1H 2023). Net loss: HK$90.2m (loss narrowed 23% from 1H 2023). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. Board Change • Feb 28
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Ho kan Cheuk was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 02
Coolpad Group Limited Announces Appointment of Liu Juan as an Executive Director The board of directors of Coolpad Group Limited announced that Ms. Liu Juan has been appointed as an executive Director with effect from 2 August 2024. Ms. Liu, aged 41, obtained a degree of Bachelor of Engineering from Soochow University and a degree of Master of Business Administration from the Chinese University of Hong Kong. Ms. Liu has more than 17 years of experience in the finance industry in China and overseas. She has worked on structuring, cross-border investment and finance and mergers and acquisitions for a long time and is familiar with both China and Hong Kong markets. She has extensive professional experience in analysing markets and identifying opportunities. Ms. Liu previously served as vice president of New Faith Capital Limitedand general manager of the direct investment department of China Huarong International Holdings Limited. Ms. Liu also served as the head of the business department at the Shenzhen branches of two banks. Announcement • Jan 08
Coolpad Group Limited Announces Board Changes The board of directors of Coolpad Group Limited announced that Mr. Chiu Sin Nang Kenny ("Mr. Chiu") has resigned as an independent non-executive Director, the chairman of each of the audit committee (the "Audit Committee") and the remuneration committee (the "Remuneration Committee") of the Board and a member of the nomination committee (the "Nomination Committee") of the Board with effect from 8 January 2024, as he wishes to devote more time to his other commitments. The Board announced that Mr. Cheuk Ho Kan ("Mr. Cheuk") has been appointed as an independent non-executive Director, the chairman of each of the Audit Committee and the Remuneration Committee and a member of the Nomination Committee with effect from 8January 2024.Mr. Cheuk, aged 36, obtained a degree of Bachelor of Commerce (Honors) in Accountancy from Hong Kong Baptist University in 2010. Mr. Cheuk has more than 10 years of experience in various areas including accounting, auditing, financial management, taxation, financing and corporate management. Mr. Cheuk is a member of the Hong Kong Institute of Certified Public Accountants and he is also a practicing accountant in Hong Kong. In 2013, he worked in the assurance department of BDO Limited. From 2013 to 2016, he worked in the assurance practice of PricewaterhouseCoopers Limited. From 2016 to 2018, Mr. Cheuk was a financial analyst at Merrill Corporation Hong Kong Limited (currently known as TOPPAN NEXUSLIMITED). Mr. Cheuk served as Senior Manager of Finance Department at Huarong Rongde (Hong Kong) Investment Management Company Limited from 2018 to 2019 and Vice-president of Finance Department at China Huarong International Holdings Limited from 2020to 2021.Following Mr. Chiu's resignation, Mr. Cheuk has been appointed as the chairman of each of the Audit Committee and the Remuneration Committee and a member of the Nomination Committee with effect from 8 January 2024. New Risk • Oct 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 14% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (HK$666.2m market cap, or US$85.2m). Announcement • Oct 12
Coolpad Group Limited Announces Executive Changes The board of directors of Coolpad Group Limited announced that Mr. Ngai Tsz Hin Michael ("Mr. Ngai") has resigned as an independent non-executive Director, the chairman of the nomination committee (the "Nomination Committee") of the Board, and a member of each of the remuneration committee (the "Remuneration Committee") and the audit committee (the "Audit Committee") of the Board with effect from 11 October 2023, as he wishes to devote more time to his other commitments. Mr. Ngai has confirmed that he has no disagreement with the Board and there are no matters in relation to his resignation which should be brought to the attention of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") or the shareholders of the Company. The Board would like to express its sincere gratitude to Mr. Ngai for his valuable contributions to the Group during his tenure of office. Appointment of Independent Non-executive Director The Board announced that Ms. Wang Guan ("Ms. Wang") has been appointed as an independent non-executive Director and a member of each of the Remuneration Committee, the Audit Committee and the Nomination Committee with effect from 11 October 2023. Ms. Wang, aged 36, is currently a partner of Jingtian & Gongcheng. Ms. Wang graduated from Beijing Normal University with dual Bachelor degrees in Laws and Economics and obtained her Master of Law degree from New York University. Ms. Wang was admitted to the New York Bar Association in 2010 and was qualified to practice law in the People's Republic of China in 2013. In 2016, Ms. Wang obtained the China Securities Investment Fund Industry Practitioner Certificate. In 2022, she obtained the Qualification Certificate for Independent Directors of Listed Companies of Shenzhen Stock Exchange. Ms. Wang provides professional advice to national think tanks, including China Academy of Social Management and China Institute of Education and Social Development. Ms. Wang serves as the inaugural director of the Institute of Securities Law of Shenzhen Law Society, a member of the Securities Committee of the Shenzhen Lawyers Association, and a part-time arbitrator at the Shenzhen Labor and Personnel Dispute Arbitration Committee. Ms. Wang also teaches "Corporate Law and Commercial Law" course for postgraduates at The Chinese University of Hong Kong (Shenzhen). Ms. Wang has been serving as an independent director of Hynar Water Group Co Ltd. and OFILM Group Co. Ltd., both of which are listed on the Shenzhen Stock Exchange, since 14 October 2022 and 4 August 2023, respectively. Ms. Wang has entered into a letter of appointment with the Company for a fixed term of three years commencing 11 October 2023. Ms. Wang shall hold office until the next following general meeting of the Company after her appointment and shall then be eligible for re-election. She is subject to the retirement by rotation and re-election at the annual general meetings of the Company in accordance with the articles of association of the Company. Ms. Wang is entitled to an annual director's fee in the amount of HKD 240,000 which was determined by the Board based on the recommendation by the Remuneration Committee, with reference to her experience and qualifications, duties and responsibilities with the Company and the market rate for the position. Following Mr. Ngai's resignation, Ms. Wang has been appointed as a member of each of the Remuneration Committee, the Audit Committee and the Nomination Committee with effect from 11 October 2023. To fill the vacancy in the chairmanship of the Nomination Committee after the resignation of Mr. Ngai, the Board has appointed Mr. Chen Jiajun, an executive Director, chief executive officer and chairman of the Company, as the new chairman of the Nomination Committee with effect from 11 October 2023. Announcement • Oct 11
Coolpad Group Limited announced that it has received HKD 90.09 million in funding On October 10, 2023, Coolpad Group Limited closed the transaction. The company has paid issuance expenses of HKD 1,090,000 and net proceeds will be HKD 89 million. New Risk • Sep 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 12% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (HK$622.7m market cap, or US$79.6m). Reported Earnings • Aug 23
First half 2023 earnings released: HK$0.009 loss per share (vs HK$0.022 loss in 1H 2022) First half 2023 results: HK$0.009 loss per share (improved from HK$0.022 loss in 1H 2022). Revenue: HK$171.5m (up 22% from 1H 2022). Net loss: HK$117.1m (loss narrowed 61% from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings. Announcement • Aug 10
Coolpad Group Limited to Report Q2, 2023 Results on Aug 21, 2023 Coolpad Group Limited announced that they will report Q2, 2023 results on Aug 21, 2023 New Risk • Jul 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 10.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-HK$613m free cash flow). Minor Risks Share price has been volatile over the past 3 months (10.0% average weekly change). Significant insider selling over the past 3 months (HK$140m sold). Market cap is less than US$100m (HK$651.1m market cap, or US$83.3m). Reported Earnings • Apr 01
Full year 2022 earnings released: HK$0.046 loss per share (vs HK$0.062 loss in FY 2021) Full year 2022 results: HK$0.046 loss per share. Revenue: HK$207.6m (down 69% from FY 2021). Net loss: HK$625.5m (loss widened 9.3% from FY 2021). Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Michael Ngai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 25
First half 2022 earnings released: HK$0.022 loss per share (vs HK$0.031 loss in 1H 2021) First half 2022 results: HK$0.022 loss per share. Revenue: HK$140.5m (down 56% from 1H 2021). Net loss: HK$303.4m (loss widened 27% from 1H 2021). Announcement • Aug 09
Coolpad Group Limited to Report First Half, 2022 Results on Aug 31, 2022 Coolpad Group Limited announced that they will report first half, 2022 results on Aug 31, 2022 Announcement • Jul 01
Coolpad Group Limited Announces Board Changes The board of directors of Coolpad Group Limited announced that Mr. Chan King Chung has resigned as an independent non-executive Director and the chairman of each of the audit committee the remuneration committee and the nomination committee of the Board with effect from 30 June 2022, as he wishes to devote more time to his other commitments. Mr. Chan has resigned from his position as the chairman of each of the Audit Committee, the Remuneration Committee and the Nomination Committee. Mr. Guo Jinghui, an independent non-executive Director, has been appointed as a member of each of the Audit Committee and the Remuneration Committee with effect from 30 June 2022. Mr. Ngai Tsz Hin Michael, an independent non-executive Director, has been appointed as a member of the Nomination Committee with effect from 30 June 2022. To fill the vacancy in the chairmanship of the Audit Committee, the Remuneration Committee and the Nomination Committee after the resignation of Mr. Chan, the Board has appointed Mr. Chiu Sin Nang Kenny, an independent non-executive Director, as the new chairman of the Audit Committee and the Remuneration Committee and has appointed Mr. Ngai Tsz Hin Michael, an independent non-executive Director, as the new chairman of the Nomination Committee, with effect from 30 June 2022. Mr. Chiu Sin Nang Kenny has over 30 years of experience in accounting. He is a fellow member of the Hong Kong Institute of Certified Public Accountants and the CPA Australia. Recent Insider Transactions • Apr 28
Insider recently bought HK$837k worth of stock On the 20th of April, Qin Tao bought around 5m shares on-market at roughly HK$0.19 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$13m more in shares than they have sold in the last 12 months. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Michael Ngai was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Recent Insider Transactions • Feb 17
Insider recently sold HK$4.0m worth of stock On the 14th of February, Kun Zhuo sold around 17m shares on-market at roughly HK$0.23 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought HK$12m more than they sold in the last 12 months. Recent Insider Transactions • Dec 04
Insider recently bought HK$10m worth of stock On the 2nd of December, Qin Tao bought around 24m shares on-market at roughly HK$0.42 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$16m more in shares than they have sold in the last 12 months. Reported Earnings • Sep 29
First half 2021 earnings released: HK$0.031 loss per share (vs HK$0.012 loss in 1H 2020) The company reported a poor first half result with increased losses, weaker revenues and weaker control over costs. First half 2021 results: Revenue: HK$320.1m (down 17% from 1H 2020). Net loss: HK$238.1m (loss widened 246% from 1H 2020). Reported Earnings • Aug 27
First half 2021 earnings released: HK$0.031 loss per share (vs HK$0.012 loss in 1H 2020) The company reported a poor first half result with increased losses, weaker revenues and weaker control over costs. First half 2021 results: Revenue: HK$320.1m (down 17% from 1H 2020). Net loss: HK$238.1m (loss widened 246% from 1H 2020). Announcement • Aug 04
Coolpad Group Limited Announces Legal Proceedings The board of directors of Coolpad Group Limited announced that, amongst others, the company and two of its independent non-executive directors, namely Mr. Chan King Chung and Mr. Xie Weixin, have each been named as one of the respondents in a petition dated 29 July 2021 filed in the Court of First Instance of the High Court of Hong Kong Special Administrative Region by the Securities and Futures Commission of Hong Kong pursuant to section 214 of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the "SFO"). The SFC has also named certain previous Directors during the Relevant Period as respondents in the Petition. The SFC stated in the Petition that, among other things, the business or affairs of the Company have, during the period from June 2016 to July 2017, been conducted in a manner as described in sections 214(1)(b), (c) and (d) of the SFO and the respondent Directors had failed to discharge their duties with due and reasonable care, skill and diligence as the management of the company. The SFC has petitioned to the Court for, among other things, an order to be made against each respondents under section 214(2)(d) of the SFO that each of them shall not, for such periods as the Court may consider appropriate, be, or continue to be, a director, liquidator, or receiver or manager of the property or business, of any listed or unlisted corporation in Hong Kong (including the Company or any of its subsidiaries or affiliates); an order to be made against each respondents under 214(2)(e) of the SFO requiring the respondents to compensate the Company and/or the Group for the loss suffered in the sum of RMB83,924,309.70, together with interest thereon; and in the alternative to (ii) above, an order to be made under sections 214(2)(b) and 214(2)(e) of the SFO that the Company shall bring civil proceedings in its own name or procure the relevant subsidiary of the Company to bring and/or the relevant subsidiary of the Company to bring such proceedings as the Court considers appropriate against any or all of the respondents, to recover the Loss. Reported Earnings • Mar 30
Full year 2020 earnings released: HK$0.057 loss per share (vs HK$0.022 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: HK$811.8m (down 56% from FY 2019). Net loss: HK$345.2m (down 407% from profit in FY 2019). Announcement • Mar 16
Coolpad Group Limited to Report Fiscal Year 2020 Results on Mar 26, 2021 Coolpad Group Limited announced that they will report fiscal year 2020 results on Mar 26, 2021 Is New 90 Day High Low • Feb 04
New 90-day high: HK$0.41 The company is up 88% from its price of HK$0.22 on 06 November 2020. The Hong Kong market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 24% over the same period. Is New 90 Day High Low • Jan 19
New 90-day high: HK$0.27 The company is up 46% from its price of HK$0.18 on 21 October 2020. The Hong Kong market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 38% over the same period. Is New 90 Day High Low • Nov 18
New 90-day high: HK$0.23 The company is up 10.0% from its price of HK$0.21 on 20 August 2020. The Hong Kong market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Tech industry, which is up 31% over the same period. Announcement • Nov 12
Coolpad Group Limited Announces Discontinuation of Lawsuit Initiated by the Group Coolpad Group Limited on a voluntary basis. References are made to the announcements of the Company dated 26 January 2018, 4 May 2018 and 13 November 2018 in relation to the lawsuit for three invention patent disputes among Yulong Computer Telecommunication Scientific (Shenzhen) Co., LTD.,a subsidiary of the Company, Xiaomi Telecom Technology Co. Ltd. and other defendants, initiated by Yulong Shenzhen to the Court. Unless the context otherwise requires, the capitalised terms used herein shall have the same meanings as defined in the Announcements. The company has recently received notice from Yulong Shenzhen of its decision to voluntarily terminate a series of patent disputes with Xiaomi and withdraw the ongoing related cases with immediate effect. As a technology-driven high-tech innovation enterprise, the Group has filed more than 10,000 domestic and foreign patent applications in total, created a number of innovative technologies including the first-of-its-kind "dual-SIM and dual-mode" technology, and is well aware of the importance of technology research and development to enterprise development and industry revitalization. The Group will also continue to put in more effort to research and explore cutting-edge technologies and application scenarios, so as to boost its own strength while contributing more positive forces to the development of the industry. The Group is willing to carry out various kinds of technical exchanges and cooperation with outstanding enterprises in and outside the industry, jointly promote the implementation of the "Technological self-reliance and self-improvement" strategy and be part of a collaborative effort to create a fully prosperous industry outlook on the foundation of respect for technological innovation and intellectual property rights. Announcement • Nov 06
Coolpad Group Limited announced that it expects to receive HKD 90 million in funding from Allove Group Limited Coolpad Group Limited (OTCPK:CHWT.F) announced that it has entered into a subscription agreement to issue 500,000,000 shares at issue price of HKD 0.180 per share for gross proceeds of HKD 90,000,000 on November 4, 2020. The transaction will include participation from new investor, Allove Group Limited to acquire 7.65% stake in the company. The company will incur expense of HKD 500,000 in respect to the transaction receiving net proceeds of HKD 89,500,000. The transaction will complete within 3 business days of fulfillment of the conditions precedent to the transaction. The shares to be issued shall have a lock up period of 2 years from the closing of the transaction. Announcement • Aug 15
Coolpad Group Limited to Report First Half, 2020 Results on Aug 26, 2020 Coolpad Group Limited announced that they will report first half, 2020 results on Aug 26, 2020