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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)
EXTENSION OF LONG STOP DATE OF
SUBSCRIPTION OF SHARES
UNDER GENERAL MANDATE
References are made to the announcements of Coolpad Group Limited (the "Company") dated 7 October 2019 and 8 October 2019 (the "Announcements") in relation to, among others, New Prestige Developments Limited conditionally agreeing to subscribe for 800,000,000 new shares of the Company at the subscription price of HK$0.215 per subscription share under the general mandate granted to the directors of the Company at the annual general meeting of the Company held on 24 May 2019. Unless otherwise defined, capitalised terms used herein shall have the same meanings as defined in the Announcements.
On 29 November 2019 (after trading hours), the Company and the Subscriber, after arm's length negotiation, have entered into a supplemental agreement to the Subscription Agreement (the "Supplemental Agreement"), whereby the parties agreed to extend the Long Stop Date from 30 November 2019 to 13 December 2019. Save and except for the aforesaid change, all other terms and conditions of the Subscription Agreement shall remain unchanged and continue in full force and effect.
By order of the Board
Coolpad Group Limited
Joint Company Secretary
Hong Kong, 29 November 2019
As at the date of this announcement, the executive Directors are Mr. Chen Jiajun, Mr. Liang Rui, Mr. Ma Fei, Mr. Xu Yibo and Mr. Lam Ting Fung Freeman; the non-executive Director is Mr. Ng Wai Hung; the independent non-executive Directors are Dr. Huang Dazhan, Mr. Xie Weixin, Mr. Chan King Chung and Mr. Guo Jinghui.
Coolpad Group Ltd. published this content on 29 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 November 2019 12:17:06 UTC