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COOLPAD GROUP LIMITED
酷 派 集 團 有 限 公 司
(incorporated in the Cayman Islands with limited liability)
(Stock Code: 2369)
CLARIFICATION ANNOUNCEMENT REGARDING MEDIA ARTICLES
UNUSUAL PRICE AND TRADING VOLUME MOVEMENTS
This announcement is made by Coolpad Group Limited (the "Company") at the request of The Stock Exchange of Hong Kong Limited.
The board of directors (the "Board") of the Company has noted the recent increase in the price and trading volume of the shares of the Company. The Board also noted that certain media articles recently reported that Mr. Liang Rui ("Mr. Liang"), an executive director and chief executive officer of the Company, had made the following statements at a staff forum of the Company:
"In 2018, the Company was loss-making. Since the resumption of trading in July this year, the
Company has been making profit every month. There should be no loss-makingthis year, and fight for profit-makinginstead of loss-makingnext year. (截至2018年，公司還處於虧損，今年7月成 功復牌後，每個月開始盈利，今年可以做到不虧損，明年爭取實現扭虧為盈。)"
The Board would like to clarify that the above statements with respect to the financial performance (including the references to profit- or loss-making) for 2019 and 2020 were Mr. Liang's personal view and wishes only. Although, based on the unaudited management accounts of the Company (which are not prepared based on the Hong Kong Financial Reporting Standards), the Company has been making profits from business operations during the period from July to November 2019, the Board considers that such figures may not present an accurate picture of the Company's final financial performance for the year ended 31 December 2019, which will be subject to other variables including without limitation the performance of December 2019, the effects of exchange rate and non-operating expenses. In addition, the financial results of the Company for the year ended 31 December 2019 will also be subject to review and audit by the Company's audit committee and auditors. Mr. Liang confirmed that the statements were only his expectation on the staff members and were made to encourage staff members to work hard, and the statements were not intended to form part of the information to be published by the Company in relation to its business or financial performance, and do not reflect any forecast of the Company's future operations, financial or business position. The Company wishes to emphasise that it has not made any profit forecasts.