Tian Ge Interactive Holdings Limited (Stock Code: 1980) has announced that it is applying for a waiver from strict compliance with the public float requirement under Rule 13.33(1) of the Listing Rules. According to the announcement, the public holds approximately 20.85% of its total issued share capital, falling below the minimum threshold of 25% specified in Rule 13.32B(1) or the alternative level under 13.32B(2).

The company attributes this decrease to the close of an offer made by Truesense Trading Limited, under which 121,151,339 shares, or about 10.92% of Tian Ge Interactive’s total issued share capital, were tendered. Following registration of the transfers, the number of shares in public hands stood at 231,257,423 as of the announcement date, below the required level for a Main Board listing.

Tian Ge Interactive is seeking a five-month waiver from 8 January 2026 to 8 June 2026. Management has outlined several measures to restore the public float, including the potential placing of new shares under its general mandate and granting of share awards under the 2024 Share Scheme to employees or service providers. The company also plans to consider whether any substantial shareholders intend to reduce their stakes to help meet the minimum public float requirement.

Tian Ge Interactive states that it will make further announcements regarding the waiver application outcome and any progress on restoring the float in compliance with the relevant Listing Rules.