TIANGE (01980) and the offeror, Truesense Trading Limited, jointly announced that on October 28, 2025, the offeror acquired 20 million shares (approximately 1.80% of the company's total issued share capital as of the joint announcement date) in the secondary market. The total consideration for the acquisition was HKD 13.59787 million, with the highest and average prices per share being HKD 0.68 and approximately HKD 0.6799, respectively.

Following the acquisition, the offeror and its concert parties (including Mr. Fu Zhengjun's direct and deemed interests in the shares, excluding Sina's interests) collectively hold approximately 351 million shares, representing about 31.63% of the company's total issued share capital. Under Rule 26.1 of the Takeovers Code, the offeror is required to make a mandatory unconditional cash offer for all issued shares (excluding those already owned or to be acquired by the offeror, Ms. Hong Yan, Mr. Fu Zhengjun, and Blueberry Worldwide) at HKD 0.68 per share.

The company has applied to the Hong Kong Stock Exchange for the resumption of share trading, effective from 9:00 a.m. on November 20, 2025.

The offeror, Truesense Trading Limited, is an investment holding company wholly owned by Ms. Hong Yan, who serves as its sole director. Mr. Fu Zhengjun, Ms. Hong Yan's spouse, has been the company's chairman and director since July 28, 2008, and was re-designated as an executive director on March 11, 2014. As the founder of the group, Mr. Fu also served as CEO of all wholly foreign-owned enterprises and operating entities in China from their establishment until June 26, 2020.