TIANGE (01980) announced that the company has been informed that one of its funds, in which it holds approximately 6.1% interest, Planetree Partners I, L.P., along with a special purpose vehicle in which TIANGE holds about 42.4% equity, EXC Investment LLC, were both pre-IPO investors in MANYCORE TECH (00068). MANYCORE TECH listed on the Main Board of The Stock Exchange of Hong Kong Limited on April 17, 2026. Since its listing, the share price of MANYCORE TECH has increased significantly. As of the date of this announcement, the fund and the special purpose vehicle collectively hold 23.11 million shares of MANYCORE TECH. Based on TIANGE's respective interests in the fund and the SPV, the company indirectly owns a total of 3.95 million shares of MANYCORE TECH as of the announcement date, representing approximately 0.23% of its equity. These holdings are referred to as the investment shares. The fund subscribed to MANYCORE TECH's Series B-1 Preferred Shares, Series C Preferred Shares, and Series D-2 Preferred Shares, while the SPV acquired certain Series B-1 Preferred Shares through secondary market transactions. Using the fair value of RMB 4.20 per investment share measured by the company as of December 31, 2025, and comparing it to the share price on the announcement date, TIANGE has recognized a significant fair value gain from this investment. Shareholders and potential investors are advised to note that the share price of MANYCORE TECH may be volatile. Furthermore, under the listing rules, the MANYCORE TECH shares held by the fund and the SPV are subject to a six-month lock-up period commencing from MANYCORE TECH's listing date. During this period, the fund and the SPV are restricted from disposing of their respective interests in MANYCORE TECH. Should the fund and the SPV sell these investment shares in the future, performance fees payable to their respective fund managers will be deducted from the sale proceeds.