Core Viewpoint - Caocao Travel Limited (曹操出行) has been listed on the Hong Kong Stock Exchange, with its stock closing at HKD 36.00, reflecting a decline of 14.16% on its first trading day [1]. Group 1: IPO Details - The total number of shares offered by Caocao Travel was 44,178,600 [2]. - The final number of shares for the Hong Kong public offering, after reallocation, was 13,253,600, while the international offering amounted to 30,925,000 shares [2]. - At the time of listing, the total number of shares issued was 544,178,600 [2]. Group 2: Financials - The final offer price for the shares was HKD 41.94, resulting in total proceeds of HKD 1,852.85 million [3]. - After deducting estimated listing expenses of HKD 134.50 million, the net proceeds amounted to HKD 1,718.35 million [4]. Group 3: Use of Proceeds - Approximately 19.0% of the net proceeds will be used to improve vehicle service solutions and service quality over the next three years [5]. - About 18.0% will be allocated to enhance and launch customized vehicles, while 17.0% is earmarked for technology improvements and investments in autonomous driving [5]. - Additionally, 16.0% will be used to expand geographical coverage, 20.0% for repaying part of certain bank loans, and around 10.0% for working capital and other general corporate purposes [5]. Group 4: Key Investors - Notable cornerstone investors in the global offering include Mercedes-Benz Mobility Services GmbH, Future Asset Securities (Hong Kong) Limited, Infini Global Master Fund, Guoxuan High-Tech (国轩高科), EVE Energy Co., Ltd., and RoboSense HongKong Limited [5].