TIANGE (01980) announced that as of the date of the announcement, the company's public float is approximately 20.85%, which remains below the minimum public float requirement stipulated in Rule 13.32B(1) of the Listing Rules. As disclosed in the partial offer announcement, on January 8, 2026, Sina informed the board of directors through Yu Ming Investment Management Limited of its intention to launch a partial offer, subject to the fulfillment of the following conditions: (i) obtaining the consent of the Executive under Rule 28.1 of the Takeovers Code for the partial offer; and (ii) a ruling by the Executive that Sina (as one party) and Mr. Fu Zhengjun and his concert parties (including Truesense, Ms. Hong Yan, and Blueberry Worldwide Limited) (as the other party) are not acting in concert under Note (1) to the definition of acting in concert in the Takeovers Code. On February 4, 2026, Sina announced that all preconditions for the partial offer had been satisfied. Under Rule 4 of the Takeovers Code, once a bona fide offer has been communicated to the board of the offeree company, the board must not take any frustrating action regarding the company's affairs without the approval of the offeree company's shareholders in a general meeting. Frustrating actions include the issuance of new shares and the grant of share options, both of which form part of the company's principal public float restoration plan disclosed in its announcement dated January 29, 2026. Therefore, the board is required to refrain from such actions until the partial offer period expires. The board remains committed to restoring the company's public float in accordance with Rule 13.32B of the Listing Rules and will continue to monitor the progress of the partial offer, taking appropriate measures to restore the public float as soon as reasonably practicable after the conclusion of the partial offer.