TIANGE (01980) Updates Public Float Status Amid Ongoing Partial Offer by Sina

Bulletin Express
03/06

Tian Ge Interactive Holdings Limited (TIANGE, 01980) reports that its public float currently stands at 20.85%, which remains below the requirement set out in Rule 13.32B(1) of the Listing Rules. According to the announcement, a pre-conditional voluntary cash partial offer to acquire 32.50 million shares in TIANGE, launched by Yu Ming Investment Management Limited on behalf of Sina Hong Kong Limited (Sina), began on 21 January 2026. The final closing date will be the later of the 14th day after the offer is declared unconditional as to acceptances or 30 March 2026, with the offer remaining open for at least 28 days from 11 February 2026.

The partial offer remains subject to acceptance of at least 32.50 million shares. Assuming full acceptances by public shareholders only and no changes in issued share capital, TIANGE’s public float could decrease from 20.85% to 17.92%. While the waiver application from 8 January 2026 to 8 June 2026 for compliance with the public float requirement is pending, the company indicates it will monitor the partial offer’s progress and take appropriate steps to restore its public float once the offer period concludes.

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