Tian Ge Interactive Holdings Limited (1980) released a formal response on 25 February 2026 regarding a conditional voluntary cash partial offer from Sina Hong Kong Limited. Under this proposal, Sina Hong Kong Limited seeks to acquire 32.50 million shares, representing about 2.93% of Tian Ge Interactive’s issued share capital, at HK$0.70 per share in cash.

According to the published document, the Independent Board Committee and the appointed Independent Financial Adviser concluded that the offer is fair and reasonable based on factors such as the offered price per share compared to recent market performance and the Company’s financial condition. The Group’s audited results show revenue of RMB10.16 million for the year ended 31 December 2024 with a profit of RMB19.92 million; for the six months ended 30 June 2025, it recorded revenue of RMB32.43 million and a net loss of RMB24.65 million.

The partial offer remains subject to Sina Hong Kong Limited receiving valid acceptances totaling at least 32.50 million shares. Tian Ge Interactive’s board recommends that shareholders review full details of the proposal and the Company’s latest financials before making any decision on accepting the partial offer.