MANYCORE TECH (00068) was voluntarily extended by the executive director for a 12-month ban

Zhitong Finance App News, MANYCORE TECH (00068) issued an announcement. The company recently received Mr. Huang Xiaohuang, the co-founder, chairman and executive director, representing Wintermatch International Limited (Wintermatch); Mr. Chen Hang, co-founder, executive director and CEO, represented Ineffable International Limited (Ineffable);

Mr. Zhu Hao, co-founder, executive director and chief technology officer, made a commitment on behalf of Peekaboo International Limited (Peekaboo); and Mr. Shen Bei, executive director and chief financial officer, to voluntarily extend or establish a ban on their relevant shares in the company (from October 17, 2026), including:

Wintermatch's 238 million shares, wholly owned by Mr. Wong, account for about 13.79% of the total number of shares issued by the company on the date of this announcement;

Ineffable's 170 million shares, wholly owned by Mr. Chen, account for about 9.85% of the total number of shares issued by the company on the date of this announcement;

Peekaboo's 65 million shares, wholly owned by Mr. Zhu, account for approximately 3.77% of the total number of shares issued by the company on the date of this announcement; and

The 10.2 million shares in which Mr. Shen has an interest, that is, the share options granted to him to subscribe for a total of 10.2 million related shares under the 2014 pre-initial public offering share incentive plan, account for about 0.59% of the total number of shares issued by the company on the date of this announcement. The share options will be settled with shares issued to Wide Future Group Limited.

As of the date of this announcement, the shares subject to the extended commitment included 483.2 million shares, accounting for approximately 27.99% of the company's total issued shares (excluding treasury shares).

According to the extended commitment, as the executive directors remain optimistic about the company's long-term value, core competitiveness and future prospects, Wintermatch, Ineffable and Peekaboo have all promised to extend the original ban on their relevant shares for an additional 12 months until October 16, 2027 (including that date), and Mr. Shen has made a commitment not to sell the relevant shares until October 16, 2027 (including that date). The executive director will not directly or indirectly sell or otherwise reduce his shares in any way during this extended ban period.