Sina Hong Kong’s Partial Tender for Tian Ge Interactive Fails with 0.97% Acceptance, Offer Lapses

Bulletin Express
Apr 13

Hong Kong – 13 April 2026 – Sina Hong Kong Limited’s conditional voluntary cash partial offer to acquire 32.50 million shares of Tian Ge Interactive Holdings Limited has lapsed after attracting acceptances for only 10.79 million shares, equal to 0.97% of Tian Ge’s issued share capital as of the extended closing date.

The tender, launched through Yu Ming Investment Management Limited, required minimum acceptances for the full 32.50 million shares to become unconditional. As this threshold was not reached by 4:00 p.m. on 13 April 2026, the offer automatically lapsed under Rule 31 of the Hong Kong Takeovers Code.

Key figures: • Targeted shares: 32.50 million • Acceptances received: 10.79 million (0.97% of issued shares) • Pre-offer holding by Sina Hong Kong and concert parties: 300.00 million shares (27.04% of Tian Ge’s issued share capital)

Regulatory consequences: Under Rules 31.1 and 31.2 of the Takeovers Code, neither Sina Hong Kong nor parties acting in concert with it may, without the Executive’s consent, announce a new offer for Tian Ge Interactive—or acquire voting rights that would trigger a mandatory offer—for 12 months from today’s announcement.

Operational follow-up: Share certificates and related documents submitted by shareholders who accepted the offer will be returned by ordinary post at their own risk no later than 22 April 2026.

Charles Guowei Chao, sole director of Sina Hong Kong Limited, accepts full responsibility for the accuracy of the information in the announcement.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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