Announcement • Jun 29
CaoCao Inc. Appoints Joseph Sifakis as Chief Scientific Advisor of the CaoCao AI Innovation Center On June 29, Joseph Sifakis was formally invited to serve as Chief Scientific Advisor of the CaoCao AI Innovation Center. He will provide core academic support, a global perspective and strategic roadmap guidance for CaoCao's transformation into an AI-native company. Professor Sifakis is one of the leading pioneers in trustworthy artificial intelligence and complex systems. He has long focused on the safety, reliability and verifiability of complex intelligent systems, with his research widely applied in safety-critical fields such as aerospace and industrial control. In recent years, Professor Sifakis has concentrated on trustworthy AI and autonomous systems. His research aligns closely with the development needs of Robotaxi and other autonomous driving technologies and will provide world-class theoretical guidance and methodological support for CaoCao in building safe, reliable and verifiable autonomous driving services and a physical AI mobility technology platform. This appointment marks Professor Sifakis's first in-depth involvement in shaping the AI strategy of a Chinese technology company. Live News • Jun 26
CaoCao Partners With May Mobility to Explore Robotaxi Commercialization in Europe CaoCao and autonomous driving company May Mobility have agreed a strategic partnership to explore large-scale commercialization of Robotaxi services, including joint feasibility studies and pilot programs in key international markets such as Europe.
The partnership feeds into CaoCao’s RoboX strategy, with the two companies aiming to build out a global Robotaxi operations network, which could influence how CaoCao allocates capital between traditional ride-hailing and autonomous fleets over time.
CaoCao’s shares last closed at HK$21.00, with the stock down 24.8% over the past week, which frames this expansion push against a backdrop of recent share price pressure.
This tie-up increases execution risk related to CaoCao’s ability to run pilots, manage regulation and turn Robotaxi trials into commercially viable routes before committing larger sums. Announcement • Jun 23
Caocao Inc. Launches Full-Scale Ai Transformation and Unveils Robox Strategy CaoCao Inc. announced the official launch of its full-scale AI transformation at the 2026 International Automotive and Supply Chain Expo (Hong Kong) and unveiled its new RoboX strategy. The Company aims to build a globally leading physical AI mobility technology platform and an intelligent mobility network spanning diverse applications, including Robotaxi and Robovan. By 2030, CaoCao plans to deploy a total of 100,000 Robotaxis and 100,000 Robovans. The Company officially launched its RoboX strategy. CaoCao will comprehensively advance its RoboX business around three core pillars—intelligent driving technologies, intelligent purpose-built vehicles and intelligent operations—and develop an intelligent mobility network covering Robotaxi, Robovan, Robobus, Robotruck and other applications. In the area of intelligent purpose-built vehicles, the Company will leverage the industrial ecosystem advantages of Geely Holding Group to jointly develop intelligent mobility products tailored to different scenarios. In intelligent driving technologies, the Company will focus on Level 4 autonomous driving and continue to improve safety, operational efficiency and cost competitiveness across passenger and freight transportation scenarios. In intelligent operations, the Company will develop infrastructure including an intelligent hybrid dispatching system, an AI Super Brain for Operations and Green Intelligent Mobility Hubs, enabling the efficient coordination of mobility resources and large-scale operations. The Company will embed AI capabilities throughout product R&D, operations management and its business systems, accelerating its transformation into an AI-native company. CaoCao has developed scalable and systematic capabilities in fleet dispatching, asset management, user services and compliance operations, and has built CaoCao Robo OS for the era of intelligent mobility. Serving as the core operations system, Robo OS will provide an end-to-end solution spanning demand understanding, supply-demand matching and service fulfillment. It will support AI agent integration and coordination, enabling efficient connections between AI agents and intelligent mobility resources. As a key target for the next phase of the RoboX strategy, the Company announced its “Dual-100,000 Plan”: by 2030, CaoCao plans to deploy a total of 100,000 Robotaxis and 100,000 Robovans, accelerating the transition of autonomous driving from demonstration operations to large-scale commercial deployment. New Risk • Jun 11
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 11% 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 Negative equity (-CN¥4.1b). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Major Estimate Revision • Jun 06
Consensus EPS estimates fall by 57% The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -CN¥0.293 to -CN¥0.46 per share. Revenue forecast unchanged at CN¥25.3b. Transportation industry in Hong Kong expected to see average net income growth of 8.8% next year. Consensus price target down from HK$58.52 to HK$52.63. Share price rose 17% to HK$31.58 over the past week. Live News • May 15
CaoCao Eyes Global Robotaxi Surge With Driverless Tests and Shanghai Fleet Expansion CaoCao has received approval for driverless testing of its Robotaxis in Hangzhou, marking a key step toward fully autonomous ride-hailing services.
The company plans to deploy 100 Robotaxis in Shanghai this year, expanding its operational footprint in a major Chinese city.
Management introduced what it describes as China’s first purpose-built Robotaxi prototype, with mass production targeted for 2027 and a cumulative fleet goal of 100,000 Robotaxis by 2030, while using Hong Kong as a base to reach right-hand-drive markets globally.
This push into driverless testing, large-scale deployment targets and dedicated Robotaxi vehicles points to a long-term shift in CaoCao’s business mix toward autonomous mobility services.
For you as an investor, the key questions are execution risk around technology, regulation and timelines, as well as the capital needs required to reach a 100,000-vehicle fleet and expand into multiple right-hand-drive markets. Announcement • May 13
CaoCao Inc., Annual General Meeting, Jun 08, 2026 CaoCao Inc., Annual General Meeting, Jun 08, 2026, at 14:00 China Standard Time. Location: 4/f, geely technology plaza, no. 868 dongguan road, binjiang district, hangzhou, zhejiang province., China Reported Earnings • Mar 28
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: CN¥1.27 loss per share (improved from CN¥2.77 loss in FY 2024). Revenue: CN¥20.2b (up 38% from FY 2024). Net loss: CN¥635.4m (loss narrowed 49% from FY 2024). Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) exceeded analyst estimates by 24%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Transportation industry in Asia. Announcement • Mar 11
CaoCao Inc. to Report Fiscal Year 2025 Results on Mar 27, 2026 CaoCao Inc. announced that they will report fiscal year 2025 results on Mar 27, 2026 Announcement • Feb 04
CaoCao Inc. has completed a Follow-on Equity Offering in the amount of HKD 389.52 million. CaoCao Inc. has completed a Follow-on Equity Offering in the amount of HKD 389.52 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,000,000
Price\Range: HKD 32.46
Discount Per Security: HKD 0.3246
Transaction Features: Subsequent Direct Listing Announcement • Jan 29
CaoCao Inc. has filed a Follow-on Equity Offering in the amount of HKD 389.52 million. CaoCao Inc. has filed a Follow-on Equity Offering in the amount of HKD 389.52 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,000,000
Price\Range: HKD 32.46
Discount Per Security: HKD 0.3246
Transaction Features: Subsequent Direct Listing New Risk • Jan 16
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 9.7% 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 Negative equity (-CN¥4.0b). Minor Risk Share price has been volatile over the past 3 months (9.7% average weekly change). Recent Insider Transactions Derivative • Jan 04
CEO & Executive Director exercised options and sold HK$19m worth of stock On the 31st of December, Xin Gong exercised options to acquire 622k shares at no cost and sold these for an average price of HK$30.58 per share. This trade did not impact their existing holding. Xin currently holds 9.53m shares (0.017490155855920925 of the company). This was the only transaction from an insider over the last 12 months. Announcement • Dec 31
CaoCao Inc. (SEHK:2643) agreed to acquire Zhejiang Geely Business Service Co., Ltd. from Zhejiang Geely Holding Group Limited for CNY 65 million. CaoCao Inc. (SEHK:2643) agreed to acquire Zhejiang Geely Business Service Co., Ltd. from Zhejiang Geely Holding Group Limited for CNY 65 million on December 30, 2025. A cash consideration of CNY 65 million will be paid by CaoCao Inc. (SEHK:2643). As part of consideration, CNY 65 million is paid towards common equity of Zhejiang Geely Business Service Co., Ltd.
For the period ending December 31, 2024, Zhejiang Geely Business Service Co., Ltd. reported net income of CNY 23 million. As of December 31, 2024, Zhejiang Geely Business Service Co., Ltd. reported total assets of CNY 316.5 million and total common equity of CNY 86.3 million.
The transaction is subject to approval of offer by target shareholders. Reported Earnings • Aug 28
First half 2025 earnings released First half 2025 results: CN¥1.09 loss per share. Net loss: CN¥495.0m (flat on 1H 2024). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Transportation industry in Asia. Announcement • Aug 12
CaoCao Inc. to Report First Half, 2025 Results on Aug 26, 2025 CaoCao Inc. announced that they will report first half, 2025 results on Aug 26, 2025 Announcement • Jun 25
CaoCao Inc. has completed an IPO in the amount of HKD 1.85285 billion. CaoCao Inc. has completed an IPO in the amount of HKD 1.85285 billion.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 13,253,600
Price\Range: HKD 41.94
Discount Per Security: HKD 1.15335
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,282,600
Price\Range: HKD 41.94
Discount Per Security: HKD 1.15335
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 22,642,400
Price\Range: HKD 41.94
Discount Per Security: HKD 1.15335
Transaction Features: Regulation S; Rule 144A Board Change • Jun 24
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. No independent directors (6 non-independent directors). CEO & Executive Director Xin Gong is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors.