Manycore Tech's core management voluntarily extends lock-up commitment by 12 months, demonstrating confidence in long-term development.

On October 20, Manycore Tech issued an announcement that, due to their optimism about the company's long-term value, core competitiveness, and future prospects, co-founders Huang Xiaohuang, Chen Hang, and Zhu Hao, as well as CFO Shen Bei, voluntarily extended or entered into a 12-month lock-up period for the relevant equity interests they each hold in the company. The shares subject to the extension commitments total 483 million shares, accounting for approximately 27.99% of the company's total issued shares. In addition, major shareholders of Manycore Tech, including Linear Capital, Yunqi Partners, Hesai Technology, Jinyong Investment, Wusong Capital, and Huaying Construction, have explicitly stated that they are optimistic about the long term and will continue to hold their shares.