TIANGE (01980) indirectly owns a total of 3,945,800 shares of MANYCORE TECH through funds and special purpose companies.

TIANGE (01980) announced that the company has learned that one of the funds in which it holds approximately 6.1% equity interest, namely Planetree Partners I, L.P. (the Fund), and the special purpose company in which the company holds approximately 42.4% equity interest, namely EXC Investment LLC (the Special Purpose Company), are both pre-IPO investors of Manycore Tech Inc. (MANYCORE TECH), which was listed on the main board of the Stock Exchange of Hong Kong Limited (00068) on April 17, 2026. Since its listing, MANYCORE TECH's stock price has increased significantly. As of the date of this announcement, the Fund and the Special Purpose Company collectively hold 23.1091 million shares of MANYCORE TECH. Based on the company's respective interests in the Fund and the Special Purpose Company, as of the date of this announcement, the company indirectly owns a total of 3.9458 million shares of MANYCORE TECH (such investment shares), representing approximately 0.23% of MANYCORE TECH's equity. The Fund has subscribed to MANYCORE TECH's B-1 Series Preferred Shares (Preferred Shares), C Series Preferred Shares, and D-2 Series Preferred Shares, while the Special Purpose Company has acquired several B-1 Series Preferred Shares through the secondary trading market. Based on the fair value of RMB 4.20 per share of such investment shares measured by the company as of December 31, 2025, and the stock price as of the date of this announcement, the company has recorded significant fair value gains from these investments. Shareholders and potential investors are advised that the stock price of MANYCORE TECH may fluctuate and, according to listing rules, the equity interests in MANYCORE TECH held by the Fund and the Special Purpose Company are subject to a lock-up period of six months from the date of MANYCORE TECH's listing. During this period, the Fund and the Special Purpose Company are not allowed to dispose of their respective interests in MANYCORE TECH. When the Fund and the Special Purpose Company sell such investment shares in the future, performance fees for the fund managers will be deducted from the proceeds of the sale.