TIANGE (01980) received a full acquisition offer from the founder's spouse and will resume trading on November 20th.

TIANGE (01980) and the offeror Truesense Trading Limited jointly announced that on October 28, 2025, the offeror acquired shares in the secondary market (i.e. 20 million shares, representing approximately 1.80% of the total issued share capital of the company as of the date of this joint announcement). The total consideration for the acquisition of shares was 13.59787 million Hong Kong dollars. The highest and average price per share of the acquired shares were 0.68 Hong Kong dollars and approximately 0.6799 Hong Kong dollars respectively. Following the acquisition, the offeror and its concert parties (including Mr. Fu Zhengjun with direct and deemed interests in the shares, but excluding Sina's interests in the shares) collectively hold approximately 351 million shares of the company (representing approximately 31.63% of the total issued share capital of the company). According to Rule 26.1 of the Takeovers Code, following the acquisition, the offeror must make a mandatory unconditional cash offer for all the issued shares (excluding the shares already held or to be acquired by the offeror, Ms. Hong Yan, Mr. Fu Zhengjun, and Blueberry Worldwide). The cash offer for each share is 0.68 Hong Kong dollars. The company has applied to the Stock Exchange for the resumption of trading of its shares on the Stock Exchange from 9:00 a.m. on November 20, 2025. It is understood that the offeror is an investment holding company ultimately wholly owned by Ms. Hong Yan. The offeror's sole director is Ms. Hong Yan, with Mr. Fu Zhengjun being her spouse. Mr. Fu Zhengjun has been serving as the chairman and director of the company since July 28, 2008. He was appointed as an executive director on March 11, 2014. Mr. Fu Zhengjun is the founder of the group and has been serving as the CEO of all the group's wholly foreign-owned enterprises and Chinese operating entities since their respective registrations until June 26, 2020.