Tiange (01980): The public shareholding is approximately 20.85%.
Tian Ge Interactive (01980) announced that, as of the date of this announcement, the company's public shareholding is approximately 20.85%, which is still below the minimum public shareholding requirement stipulated in Rule 13.32B(1) of the Listing Rules.
Tiange (01980) announcement, as of the date of this announcement, the company's public shareholding is approximately 20.85%, which is still below the minimum public shareholding requirement as specified in Listing Rule 13.32B(1).
As disclosed in the partial offer announcement, on January 8, 2026, Sina informed the Board through Yuming Investment Management Limited that it intends to make a partial offer, subject to the following conditions being met: (i) obtaining the consent of the parties executing the partial offer under Takeovers Code Rule 28.1; (ii) determining that Sina (Party A) and Mr. Fu Zhengjun and his concerted parties (including Truesense, Ms. Hong Yan, and Blueberry Worldwide Limited) (Party B) are not concerted parties as defined in the note under Takeovers Code Rule 28.1. On February 4, 2026, Sina announced that all preconditions for the partial offer have been met.
According to Takeovers Code Rule 4, upon the communication of a genuine offer to the Board of the target company, the Board of the target company shall not take any obstructive actions on company affairs without the approval of the shareholders of the target company at a general meeting. Obstructive actions include issuing new shares and granting share options, both of which constitute the company's major public shareholding restoration plan disclosed in the announcement dated January 29, 2026. Therefore, the Board must refrain from such actions during the offer period of the partial offer. The Board remains committed to restoring the company's public shareholding in accordance with Listing Rule 13.32B and will continue to monitor the progress of the partial offer, and take appropriate measures to restore the company's public shareholding as soon as reasonably practicable after the completion of the partial offer.
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