According to the Zhitong Finance App, Coolpad Group (02369) announced that in early May 2024, the company adopted an investment plan. According to this, the Group can purchase up to 28 million US dollars (equivalent to about HK$219 million) of listed securities listed in the US and related to the crypto asset industry through open market transactions.

From April 16, 2024 to May 8, 2024 (Eastern Standard Time), Digital Tech (a direct wholly-owned subsidiary of the Company) acquired a total of 1.5 million CLSK shares at a total cost of approximately US$23.84 million (equivalent to approximately HK$186 million) (excluding stamp duty and related expenses), which is equivalent to approximately US$15.89 (equivalent to approximately HK$124.26) per CLSK share; and from April 19, 2024 to May 8, 2024 (Eastern Standard Time), Digital Tech purchased a total of 113,000 IBIT shares at a total cost of approximately US$4.03 million (equivalent to approximately HK$31.51 million) (excluding stamp duty and related expenses), which is equivalent to approximately US$35.64 (equivalent to approximately HK$278.70) per IBIT share.

According to the announcement, the group is actively seeking opportunities to enter the digital currency sector. After considering the main business, future prospects and development potential of CLSK and IBIT, the directors believe that these acquisitions are an opportunity for the Group to acquire attractive investments, which can increase return on investment and allow the Group to expand the digital currency industry.