Tian Ge Books Significant Fair Value Gain on Manycore Tech Pre-IPO Investment

Tian Ge Interactive Holdings ( (HK:1980) ) has shared an announcement.

Tian Ge Interactive Holdings Limited has disclosed a significant fair value gain from its indirect investment in Manycore Tech Inc., which listed on the Hong Kong Main Board on 17 April 2026 and has since seen substantial share price appreciation. Through its interests in Planetree Partners I, L.P. and EXC Investment LLC, Tian Ge indirectly holds 3,945,813 Manycore shares, or about 0.23% of the company, and has revalued these holdings above the RMB4.20 per-share fair value recorded at year-end 2025.

The company cautioned that the Fund and the SPV are subject to a six-month post-listing lock-up on their Manycore shares, and any eventual disposals will be reduced by performance fees payable to the respective fund managers. Tian Ge urged its shareholders and potential investors to exercise caution when dealing in its securities, underscoring that the gain is mark-to-market and subject to future price volatility and fund terms, which may affect the ultimate realized benefit to the company and its stakeholders.

More about Tian Ge Interactive Holdings

Tian Ge Interactive Holdings Limited is a Cayman Islands-incorporated company listed in Hong Kong, operating in the interactive entertainment and online social networking sector. The company invests in technology and internet-related assets, including private and pre-IPO opportunities, to complement its core digital platform activities and enhance shareholder value through capital gains from strategic investments.

Average Trading Volume: 1,134,944

Technical Sentiment Signal: Sell

Current Market Cap: HK$769.8M

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