hk-ipo/data/extracted_text/00068/allotment_results_2026-04-16_2026041601684.txt

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Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the “Stock Exchange ”)
and Hong Kong Securities Clearing Company Limited ( “HKSCC ”) take no responsibility for the contents of this
announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability
whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this
announcement.
Unless otherwise defined herein, capitalized terms used in this announcement shall have the same meanings as those
defined in the prospectus dated April 9, 2026 (the “Prospectus ”) issued by Manycore Tech Inc. (the “Company ”).
This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase
or subscribe for securities of the Company. This announcement is not a prospectus. Potential investors should read
the Prospectus for detailed information about the Company and the Global Offering described below before deciding
whether or not to invest in the Offer Shares. Any investment decision in relation to the Offer Shares should be taken
solely in reliance on the information provided in the Prospectus.
This announcement is not for release, publication, distribution, directly or indirectly, in or into the United States
(including its territories and possessions, any state of the United States and the District of Columbia). This
announcement does not, and is not intended to, constitute or form a part of any offer to sell or solicitation to purchase
or subscribe for any securities in the United States or in any other jurisdiction. The Offer Shares have not been, and
will not be, registered under the U.S. Securities Act of 1933, as amended from time to time (the “U.S. Securities
Act”) or securities law of any state or other jurisdiction of the United States and may not be offered, sold, pledged
or otherwise transferred within the United States, except pursuant to an available exemption from, or in a transaction
not subject to, the registration requirements of the U.S. Securities Act and in compliance with any applicable state
securities laws. The Offer Shares are being offered and sold outside the United States in offshore transactions in
reliance on Regulation S under the U.S. Securities Act, or in the United States to qualified institutional buyers in
reliance on Rule 144A or any other available exemption from the registration requirements under the U.S. Securities
Act.
In connection with the Global Offering, J.P. Morgan Securities (Asia Pacific) Limited, as stabilizing manager (the
“Stabilizing Manager ”) (or its affiliates or any person acting for it), on behalf of the Underwriters, to the extent
permitted by the applicable laws and regulatory requirements of Hong Kong or elsewhere, may over-allocate or effect
transactions with a view to stabilizing or supporting the market price of the Shares at such price, in such amounts
and in such manners as the Stabilizing Manager, its affiliates or any person acting for it may determine and at a
level higher than that which might otherwise prevail for a limited period after the Listing Date. However, there is
no obligation on the Stabilizing Manager (or its affiliates or any person acting for it) to conduct any such stabilizing
action. Such stabilizing action, if taken, (a) will be conducted at the absolute discretion of the Stabilizing Manager (or
its affiliates or any person acting for it) and in what the Stabilizing Manager reasonably regards as the best interest
of the Company, (b) may be discontinued at any time and (c) is required to be brought to an end within 30 days
of the last day for lodging applications under the Hong Kong Public Offering (which is Thursday, May 14, 2026).
Such stabilizing action, if taken, may be effected in all jurisdictions where it is permissible to do so, in each case in
compliance with all applicable laws, rules and regulatory requirements, including the Securities and Futures (Price
Stabilizing) Rules (Chapter 571W of the Laws of Hong Kong), as amended, made under the Securities and Futures
Ordinance (Chapter 571 of the Laws of Hong Kong).
Potential investors should be aware that no stabilizing action can be taken to support the price of the Shares for longer
than the stabilization period, which will begin on the Listing Date, and is expected to be brought to an end within 30
days of the last day for lodging applications under the Hong Kong Public Offering (which is Thursday, May 14, 2026).
After this date, when no further stabilizing action may be taken, demand for the Shares, and therefore the price of the
Shares, could fall.
In connection with the Global Offering, J.P. Morgan Securities (Far East) Limited and CCB International Capital
Limited act as the Joint Sponsors; and J.P. Morgan Securities (Asia Pacific) Limited and CCB International Capital
Limited act as the Sponsor-Overall Coordinators and Overall Coordinators.
Potential investors of the Offer Shares should note that the Overall Coordinators (for themselves and on behalf of the
Hong Kong Underwriters) shall be entitled to terminate the Hong Kong Underwriting Agreement with immediate effect
upon the occurrence of any of the events set out in the section headed “Underwriting – Underwriting Arrangements
and Expenses – Hong Kong Public Offering – Grounds for Termination ” in the Prospectus at any time prior to 8:00
a.m. (Hong Kong time) on the Listing Date (which is currently expected to be on Friday, April 17, 2026).


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Manycore Tech Inc.
(Incorporated in the Cayman Islands with limited liability)
GLOBAL OFFERING
Number of Offer Shares under the Global
Offering
: 160,619,000 Shares (subject to the Over-
allotment Option)
Number of Hong Kong Offer Shares : 16,062,000 Shares
Number of International Offer Shares : 144,557,000 Shares (subject to
the Over-allotment Option)
Final Offer Price : HK$7.62 per Share plus brokerage of 1.0%,
SFC transaction levy of
0.0027%, AFRC transaction levy of
0.00015% and the Stock Exchange
trading fee of 0.00565% (payable in full
on application in Hong Kong dollars,
subject to refund)
Nominal value : US$0.000025 per Share
Stock code : 00068
Joint Sponsors, Overall Coordinators, Joint Global Coordinators,
Joint Bookrunners and Joint Lead Managers
Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers
Joint Bookrunners and Joint Lead Managers


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Manycore Tech Inc.
ANNOUNCEMENT OF FINAL OFFER PRICE AND ALLOTMENT RESULTS
Unless otherwise defined herein, capitalised terms used in this announcement shall have the same
meanings as those defined in the prospectus dated April 9, 2026 (the “Prospectus ”) issued by
Manycore Tech Inc. (the “Company ”).
Warning: In view of high concentration of shareholding in a small number of Shareholders,
Shareholders and prospective investors should be aware that the price of the Shares could
move substantially even with a small number of Shares traded and should exercise extreme
caution when dealing in the Shares.
SUMMARY
Company information
Stock code 00068
Stock short name MANYCORE TECH
Dealings commencement date April 17, 2026*
*see note at the end of this announcement
Price Information
Final Offer Price HK$7.62
Offer Price Range HK$6.72 - HK$7.62
Offer Shares and Share Capital
Number of Offer Shares 160,619,000
Number of Offer Shares in Hong Kong Public Offering 16,062,000
Number of offer shares in International Offering 144,557,000
Number of issued shares upon Listing (before exercise of the
Over-allotment Option) 1,700,106,840
Over-allocation
No. of Offer Shares over-allocated 24,092,500 Shares
Such over-allocation may be covered by exercising the Over-allotment Option or by making
purchases in the secondary market at prices that do not exceed the Offer Price or through
deferred delivery or a combination of these means. In the event the Over-allotment Option is
exercised, an announcement will be made on the Stock Exchange ’s website.


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Proceeds
Gross proceeds (before the exercise of the Over-allotment
Option) (Note)
HK$1,223.9 million
Less: Estimated listing expenses payable based on final
Offer Price
HK$131.9 million
Net proceeds HK$1,092.0 million
Note: Gross proceeds refers to the amount to which the issuer is entitled to receive. For details of the use of
proceeds, please refer to the section headed “Future Plans and Use of Proceeds ” in the Prospectus. The
Company will adjust the allocation of the net proceeds from the exercise of the Over-allotment Option (if
any) for the purposes as set out in the section headed “Future Plans and Use of Proceeds ” of the Prospectus
on a pro rata basis.
ALLOTMENT RESULTS DETAILS
HONG KONG PUBLIC OFFERING
No. of valid applications 240,700
No. of successful applications 28,487
Subscription level 1,590.56 times
Reallocation No
No. of Offer Shares initially available under the Hong Kong
Public Offering
16,062,000
No. of Offer Shares reallocated from the International Offering 0
Final no. of Offer Shares under the Hong Kong Public Offering 16,062,000
% of Offer Shares under the Hong Kong Public Offering to the
Global Offering (before the exercise of the Over-allotment
Option)
10%
Note: For details of the final allocation of Shares to the Hong Kong Public Offering, investors can
refer to http://www.eipo.com.hk/eIPOAllotment  to perform a search by identification number or
http://www.eipo.com.hk/eIPOAllotment  for the full list of allottees.


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INTERNATIONAL OFFERING
No. of placees 107
Subscription Level 14.46 times
No. of Offer Shares initially available under the International
Offering
144,557,000
No. of Offer Shares reallocated to the Hong Kong Public Offering 0
Final No. of Offer Shares under the International Offering
(before the exercise of the Over-allotment Option)
144,557,000
% of Offer Shares under the International Offering to the Global
Offering (before the exercise of the Over-allotment Option)
90%


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The Directors confirm that, to the best of their knowledge, information and belief, save for a
waiver from strict compliance with Rule 10.04 of the Listing Rules and a consent under paragraph
1C(2) of Appendix F1 to the Listing Rules (the “Placing Guidelines ”) granted by the Stock
Exchange to permit the Company to allocate certain Offer Shares in the International Offering to an
existing minority Shareholder and a close associate of existing minority Shareholders, (i) none of
the Offer Shares subscribed by the placees and the public have been financed directly or indirectly
by the Company, any of the Directors, chief executive of the Company, substantial shareholders,
existing shareholders of the Company or any of its subsidiaries or their respective close associates;
and (ii) none of the placees and the public who have purchased the Offer Shares are accustomed
to taking instructions from the Company, any of the Directors, chief executive of the Company,
substantial shareholders, existing shareholders of the Company or any of its subsidiaries or their
respective close associates in relation to the acquisition, disposal, voting or other disposition of
Shares registered in his/her/its name or otherwise held by him/her/it.
The placees in the International Offering include the following:
Cornerstone Investors
Investor (1)
No. of Offer
Shares
allocated as
Cornerstone
Investor (2)(3)
% of Offer
Shares
(assuming
the Over-
allotment
Option is not
exercised)
% of total
issued share
capital after the
Global Offering
(assuming the
Over-allotment
Option is not
exercised)
Existing
shareholders
or their close
associates
Taikang Life Insurance Co.,
Ltd (ப
΂ʮ̡) (“Taikang Life ”)
13,369,500 8.32% 0.79% No
Sunshine Life Insurance
Corporation Limited
(“Sunshine Life ”)
10,284,000 6.40% 0.60% No
GF Fund Management Co.,
Ltd. (ࠢ
ʮ̡) and GF International
Investment Management
Limited ( ᄿ೯਷ყ༟ପ၍
ʮ̡ ) (together, “GF
Fund”)
8,227,000 5.12% 0.48% No
REDWOOD ELITE
LIMITED ( “Redwood ”)
8,227,500 5.12% 0.48% No
Mirae Asset Securities
Co., Ltd. ( “Mirae Asset
Securities ”)
5,142,000 3.20% 0.30% No


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Investor (1)
No. of Offer
Shares
allocated as
Cornerstone
Investor (2)(3)
% of Offer
Shares
(assuming
the Over-
allotment
Option is not
exercised)
% of total
issued share
capital after the
Global Offering
(assuming the
Over-allotment
Option is not
exercised)
Existing
shareholders
or their close
associates
RIME Capital Limited
(“RIME”)
5,142,000 3.20% 0.30% No
Hesai Hong Kong Limited
(“Hesai HK ”)
3,085,000 1.92% 0.18% No
Guohui (HK) Holdings Co.,
Limited ( “Guohui HK ”)
3,085,000 1.92% 0.18% No
CR Construction Group
Holdings Limited ( “CR
Construction ”)
3,085,000 1.92% 0.18% No
Total 59,647,000 37.14% 3.51%
Notes:
1. For further details of the Cornerstone Investors, please refer to the section headed “Cornerstone Investors ” in
the Prospectus.
2. Rounded down to the nearest whole board lot of 500 Shares, and is calculated based on the exchange rate
set out in the section headed “Information about this Prospectus and the Global Offering – Exchange Rate
Conversion ” in the Prospectus.
3. In addition to the Offer Shares subscribed for as Cornerstone Investors, Taikang Life, Sunshine Life,
GF Fund, Mirae Asset Securities, RIME, Hesai HK, Guohui HK as well as CR Construction and/or their
respective close associates (collectively, the “Size-based Exemption Participants ”), where applicable, were
allocated further Offer Shares as placees in the International Offering. Please refer to the section headed
“Allotment Results Details – International Offering – Allottees with Waiver/Consents Obtained ” in this
announcement for details. Only the Offer Shares subscribed for as Cornerstone Investors are subject to lock-
up as indicated below. For details, please refer to the section headed “Lock-up Undertakings – Cornerstone
Investors ” in this announcement.


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ALLOTTEES WITH WAIVER/CONSENTS OBTAINED
Investor
No. of Offer
Shares
allocated as
placee
% of Offer
Shares
(assuming
the Over-
allotment
Option is not
exercised)
% of total
issued
Shares after
the Global
Offering
(assuming
the Over-
allotment
Option is not
exercised) Relationship
Allottees with consent under paragraph 18 of Chapter 4.15 of the Guide for New Listing
Applicants in relation to allocations of further Shares to Cornerstone Investors and/or their close
associate (Note 1)
Taikang Life 8,227,500 5.12% 0.48% Cornerstone
 Investor
Sunshine Life 6,125,000 3.81% 0.36% Cornerstone
 Investor
GF Fund 8,227,000 5.12% 0.48% Cornerstone
 Investor
Mirae Asset Securities 4,100,000 2.55% 0.24% Cornerstone
 Investor
RIME 970,000 0.60% 0.06% Cornerstone
 Investor
Hesai HK 2,020,000 1.26% 0.12% Cornerstone
 Investor
Guohui HK 2,020,000 1.26% 0.12% Cornerstone
 Investor
Zhejiang Construction
International Limited
(“Zhejiang
Construction ”) (Note 2)
3,085,000 1.92% 0.18% Close
 associate of
 Cornerstone
 Investor
Notes:
1. The number of Offer Shares allocated to the relevant investors listed in this subsection only represents the
number of Offer Shares allocated to the investors as placees in the International Offering. For allocations of
Offer Shares to the relevant investors as Cornerstone Investors, please refer to the section headed “Allotment
Results Details {  Cornerstone Investors ” in this announcement. For details of the consent under paragraph
18 of Chapter 4.15 of the Guide for New Listing Applicants in relation to allocations of further Shares to
the Cornerstone Investors and/or their respective close associates, please refer to the section headed “Others/
Additional Information – Allocations of Offer Shares to the Cornerstone Investors and/or their respective
close associates with a consent under paragraph 18 of Chapter 4.15 of the Guide for New Listing Applicants ”
in this announcement.
2. Zhejiang Construction is a close associate of CR Construction, a Cornerstone Investor.


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Investor
No. of Offer
Shares
allocated
% of Offer
Shares
(assuming
the Over-
allotment
Option is not
exercised)
% of total
issued
Shares after
the Global
Offering
(assuming
the Over-
allotment
Option is not
exercised) Relationship
Allottees with consent under paragraph 1C(1) of the Placing Guidelines and Chapter 4.15 of the
Guide for New Listing Applicants in relation to allocations to connected clients (1)
ABCI Asset Management
Limited ( “ABCI AM ”)
1,020,000 0.64% 0.06% ABCI AM,
ABCI Capital
Limited and
ABCI Securities
Company
Limited are
group companies
within the same
group
Guotai Junan Investments
(Hong Kong) Limited
(“GTJA Investments ”)
6,125,000 3.81% 0.36% GTJA
Investments
is a member
of the same
group as Guotai
Junan Securities
(Hong Kong)
Limited ( “GTJA
Securities ”)
Note:
1. For details of the consent under paragraph 1C(1) of the Placing Guidelines in relation to allocations to
connected clients, please refer to the section headed “Others/Additional Information – Placing to connected
clients with a prior consent under paragraph 1C(1) of the Placing Guidelines ” in this announcement.


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Investor
No. of Offer
Shares
allocated
% of Offer
Shares
(assuming
the Over-
allotment
Option is not
exercised)
% of total
issued
Shares after
the Global
Offering
(assuming
the Over-
allotment
Option is not
exercised) Relationship
Allotees with waiver from strict compliance with Rule 10.04 of the Listing Rules and consent
under paragraph 1C(2) of the Placing Guidelines in relation to subscription for Shares by an
existing minority Shareholder and a close associate of existing minority Shareholders (1)
Linear Venture, Ltd.
 ( “Linear Venture ”)
1,520,000 0.95% 0.09% An existing
shareholder
WONDER EDGE
HOLDING LIMITED
(“Wonder Edge ”)(2)
1,020,000 0.64% 0.06% A close associate
of existing
shareholders
Note:
1. The number of Offer Shares allocated to the relevant existing minority Shareholder and the relevant close
associate of existing minority Shareholders listed in this subsection only represents the number of Offer
Shares allocated to them as placees in the International Offering. For details of the consent under Rule 10.04
of the Listing Rules and paragraph 1C(2) of the Placing Guidelines in relation to allocations of further Shares
to an existing minority Shareholder and a close associate of existing minority Shareholders, please refer to
the section headed “Others/Additional Information – Allocations of Offer Shares to an existing minority
Shareholder and a close associate of existing minority Shareholders with a consent under Rule 10.04 of the
Listing Rules and paragraph 1C(2) of the Placing Guidelines ” in this announcement.
2. Planetree Partners I, L.P. ( “Planetree Partners ”), EXC Investment LLC ( “EXC Investment ”) and Planetree
EXC Investment LLC ( “Planetree EXC Investment ”) are the existing shareholders of the Company, which
hold approximately 1.05%, 0.45% and 0.62% of the total issued share capital of the Company immediately
prior to the Global Offering respectively. Wonder Edge is ultimately controlled by Ng Yipin and therefore is
a close associate of each of Planetree Partners, EXC Investment and Planetree EXC Investment.


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LOCK-UP UNDERTAKINGS
Warranting Shareholders
Name
Number of Shares
held in the Company
subject to lock-up
undertaking upon
Listing
% of Shareholding
in the Company
subject to lock-up
undertakings upon
Listing (assuming the
Over-allotment
Option is not
exercised)
Last day subject
to the lock-up
undertaking (2)
Mr. Huang (1) 238,000,000 14.00% October 16, 2026
Wintermatch
International Limited
(“Wintermatch ”)(1)
238,000,000 14.00% October 16, 2026
Notes:
1 . Wintermatch is wholly-owned by Mr. Huang. Accordingly, Mr. Huang is deemed to be interested in the
Shares held by Wintermatch.
2. The expiry date of the lock-up period shown in the table above is pursuant to voluntary undertaking made
under the Hong Kong Underwriting Agreement.


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12
Pre-IPO Investors
Name
Number of Shares
held in the
Company
subject to lock-up
undertaking upon
Listing
% of Shareholding
in the Company
subject to lock-up
undertakings upon
Listing (assuming
the Over-
allotment
Option is not
exercised)
Last day subject
to the lock-up
undertaking (1)
Mountain Glacier Investments
Ltd.
17,000,000 1.00% October 16, 2026
Aquanauts 3820 III L.P. 2,659,560 0.16% October 16, 2026
IDG Technology Venture
Investment IV, L.P.
120,000,000 7.06% October 16, 2026
IDG Technology Venture
Investment V, L.P.
78,589,226 4.62% October 16, 2026
New Gultar Limited 17,892,733 1.05% October 16, 2026
GGV Capital V L.P. 170,989,568 10.06% October 16, 2026
GGV Capital V Entrepreneurs
Fund L.P.
6,275,341 0.37% October 16, 2026
MPC III L.P. 40,485,720 2.38% October 16, 2026
MPC III-A L.P. 4,498,400 0.26% October 16, 2026
Shanghai Yuanyan Enterprise
Management Consulting
Partnership (Limited
Partnership)
15,718,514 0.92% October 16, 2026
Shunwei Growth III Limited 133,307,402 7.84% October 16, 2026
Astrend Opportunity III Alpha
Limited
16,740,800 0.98% October 16, 2026
HH SUM-I Holdings Limited 193,925,726 11.41% October 16, 2026
HES VENTURES I, INC. 20,685,120 1.22% October 16, 2026
HEARST VENTURES, INC. 13,888,371 0.82% October 16, 2026
Planetree Partners I, L.P. 16,137,037 0.95% October 16, 2026
EXC Investment LLC 6,972,018 0.41% October 16, 2026
Planetree EXC Investment
LLC
9,570,104 0.56% October 16, 2026
Coatue PE Asia 36 LLC 53,678,200 3.16% October 16, 2026


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Name
Number of Shares
held in the
Company
subject to lock-up
undertaking upon
Listing
% of Shareholding
in the Company
subject to lock-up
undertakings upon
Listing (assuming
the Over-
allotment
Option is not
exercised)
Last day subject
to the lock-up
undertaking (1)
Coatue PE Asia 73 LLC 50,222,401 2.95% October 16, 2026
QINGTING INVESTMENTS
PTE. LTD.
19,207,311 1.13% October 16, 2026
Linear Venture, Ltd. 1,477,485 0.09% October 16, 2026
Total 1,009,921,037 59.40%
Notes:
1. The expiry date of the lock-up period shown in the table above is pursuant to voluntary undertaking.


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Existing Shareholders (other than the Warranting Shareholders and the Pre-IPO Investors)
Name
Number of Shares
held in the
Company
subject to lock-up
undertaking upon
Listing
% of Shareholding
in the Company
subject to lock-up
undertakings upon
Listing (assuming
the Over-
allotment
Option is not
exercised)
Last day subject
to the lock-up
undertaking (1)
Ineffable International Limited 170,000,000 10.00% October 16, 2026
Peekaboo International
Limited
65,000,000 3.82% October 16, 2026
Wide Future Group Limited 56,566,803 3.33% October 16, 2026
Total 291,566,803 17.15%
Note:
1. The expiry date of the lock-up period shown in the table above is pursuant to voluntary undertaking.


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Cornerstone Investors
Name
Number of Shares
held in the
Company
subject to lock-up
undertaking upon
Listing
% of Shareholding
in the Company
subject to lock-up
undertakings upon
Listing (assuming
the Over-
allotment
Option is not
exercised)
Last day subject
to the lock-up
undertaking (1)
Taikang Life 13,369,500 0.79% October 16, 2026
Sunshine Life 10,284,000 0.60% October 16, 2026
GF Fund 8,227,000 0.48% October 16, 2026
Redwood 8,227,500 0.48% October 16, 2026
Mirae Asset Securities 5,142,000 0.30% October 16, 2026
RIME 5,142,000 0.30% October 16, 2026
Hesai HK 3,085,000 0.18% October 16, 2026
Guohui HK 3,085,000 0.18% October 16, 2026
CR Construction 3,085,000 0.18% October 16, 2026
Total 59,647,000 3.51%
Note:
1. In accordance with the relevant cornerstone investment agreements, the required lock-up ends on October
16, 2026. The Cornerstone Investors will cease to be prohibited from disposing of or trading the Shares
subscribed pursuant to the relevant cornerstone investment agreements after the indicated date.


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16
PLACEE CONCENTRATION ANALYSIS
Placees (1)
Number
of Shares
allotted
Allotment
as % of
International
Offering
(assuming no
exercise of the
Over-allotment
Option)
Allotment as %
of International
Offering
(assuming the
Over-allotment
Option is
exercised in full)
Allotment as %
of total Offer
Shares (assuming
no exercise of the
Over-allotment
Option)
Allotment as %
of total Offer
Shares
(assuming the
Over-allotment
Option is
exercised in full)
Number
of Shares
held upon
Listing
% of total issued
share capital
upon Listing
(assuming no
exercise of the
Over-allotment
Option)
% of total issued
share capital
upon Listing
(assuming the
Over-allotment
Option is
exercised in full)
Top 1 21,597,000 14.94% 12.81% 13.45% 11.69% 21,597,000 1.27% 1.25%
Top 5 73,952,000 51.16% 43.85% 46.04% 40.04% 73,952,000 4.35% 4.29%
Top 10 106,286,500 73.53% 63.02% 66.17% 57.54% 106,286,500 6.25% 6.16%
Top 25 156,251,500 108.09% 92.65% 97.28% 84.59% 190,408,144 11.20% 11.04%
Note:
1. Ranking of placees is based on the number of Shares allotted to the places.
SHAREHOLDERS CONCENTRATION ANALYSIS
Shareholders (1)
Number
of Shares
allotted
Allotment
as % of
International
Offering
(assuming no
exercise of the
Over-allotment
Option)
Allotment as %
of International
Offering
(assuming the
Over-allotment
Option is
exercised in full)
Allotment as %
of total Offer
Shares (assuming
no exercise of the
Over-allotment
Option)
Allotment as %
of total Offer
Shares
(assuming the
Over-allotment
Option is
exercised in full)
Number
of Shares
held upon
Listing
% of total issued
share capital
upon Listing
(assuming no
exercise of the
Over-allotment
Option)
% of total issued
share capital
upon Listing
(assuming the
Over-allotment
Option is
exercised in full)
Top 1 0 0.00% 0.00% 0.00% 0.00% 238,000,000 14.00% 13.80%
Top 5 0 0.00% 0.00% 0.00% 0.00% 1,011,391,108 59.49% 58.66%
Top 10 0 0.00% 0.00% 0.00% 0.00% 1,431,890,834 84.22% 83.05%
Top 25 112,411,500 77.76% 66.65% 69.99% 60.86% 1,647,762,295 96.92% 95.57%
Note:
1. Ranking of Shareholders is based on the number of Shares held by the Shareholders upon Listing.


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17
BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFERING
Subject to the satisfaction of the conditions set out in the Prospectus, valid applications made by
the public will be conditionally allocated on the basis set out below:
Number
of Shares
applied for
Number
of valid
applications
Pool A Approximate
percentage
allotted of the
total number
of Shares
applied forBasis of allocation/ballot
500 91,751 2,753 out of 91,751 to receive 500 Shares 3.00%
1,000 34,753 1,197 out of 34,753 to receive 500 Shares 1.72%
1,500 7,568 266 out of 7,568 to receive 500 Shares 1.17%
2,000 5,385 193 out of 5,385 to receive 500 Shares 0.90%
2,500 5,298 194 out of 5,298 to receive 500 Shares 0.73%
3,000 3,315 124 out of 3,315 to receive 500 Shares 0.62%
3,500 2,219 85 out of 2,219 to receive 500 Shares 0.55%
4,000 2,318 91 out of 2,318 to receive 500 Shares 0.49%
4,500 1,657 66 out of 1,657 to receive 500 Shares 0.44%
5,000 21,000 850 out of 21,000 to receive 500 Shares 0.40%
10,000 9,022 429 out of 9,022 to receive 500 Shares 0.24%
15,000 4,518 246 out of 4,518 to receive 500 Shares 0.18%
20,000 3,185 196 out of 3,185 to receive 500 Shares 0.15%
25,000 2,848 196 out of 2,848 to receive 500 Shares 0.14%
30,000 2,245 170 out of 2,245 to receive 500 Shares 0.13%
35,000 1,562 130 out of 1,562 to receive 500 Shares 0.12%
40,000 1,742 157 out of 1,742 to receive 500 Shares 0.11%
45,000 1,192 116 out of 1,192 to receive 500 Shares 0.11%
50,000 6,543 682 out of 6,543 to receive 500 Shares 0.10%
100,000 4,511 787 out of 4,511 to receive 500 Shares 0.09%
150,000 3,158 773 out of 3,158 to receive 500 Shares 0.08%
200,000 2,289 721 out of 2,289 to receive 500 Shares 0.08%
250,000 1,943 749 out of 1,943 to receive 500 Shares 0.08%
300,000 1,543 703 out of 1,543 to receive 500 Shares 0.08%
350,000 1,166 613 out of 1,166 to receive 500 Shares 0.08%
400,000 1,115 665 out of 1,115 to receive 500 Shares 0.07%
450,000 761 508 out of 761 to receive 500 Shares 0.07%
500,000 1,247 920 out of 1,247 to receive 500 Shares 0.07%
600,000 1,686 1,482 out of 1,686 to receive 500 Shares 0.07%
227,540 Total number of Pool A successful applicants: 16,062


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18
Number
of Shares
applied for
Number
of valid
applications
Pool B Approximate
percentage
allotted of the
total number
of Shares
applied forBasis of allocation/ballot
700,000 4,684 4,076 out of 4,684 to receive 500 Shares 0.06%
800,000 1,513 1,386 out of 1,513 to receive 500 Shares 0.06%
900,000 908 500 Shares 0.06%
1,000,000 3,068 500 Shares plus 70 out of 3,068 to receive additional 500 Shares 0.05%
2,000,000 1,365 500 Shares plus 636 out of 1,365 to receive additional 500 Shares 0.04%
3,000,000 573 1,000 Shares 0.03%
4,000,000 283 1,000 Shares plus 108 out of 283 to receive additional 500 Shares 0.03%
5,000,000 187 1,000 Shares plus 158 out of 187 to receive additional 500 Shares 0.03%
6,000,000 96 1,500 Shares 0.03%
7,000,000 79 1,500 Shares plus 60 out of 79 to receive additional 500 Shares 0.03%
8,031,000 404 2,000 Shares 0.02%
13,160 Total number of Pool B successful applicants: 12,425
As of the date of this announcement, the relevant subscription monies previously deposited in the
designated nominee accounts have been remitted back to the accounts of all HKSCC participants.
Investors should contact their relevant brokers for any inquiries.
COMPLIANCE WITH LISTING RULES AND GUIDANCE
The Directors confirm that the Company has complied with the Listing Rules and guidance
materials in relation to the placing, allotment and listing of the Company ’s shares.
The Directors confirm that, to the best of their knowledge, the consideration paid by the placees
or the public (as the case may be) directly or indirectly for each Offer Share subscribed for or
purchased by them was the same as the final Offer Price in addition to any brokerage, AFRC
transaction levy, SFC transaction levy and trading fee payable.
OTHERS/ADDITIONAL INFORMATION
Allocations of Offer Shares to the Cornerstone Investors and/or their respective close
associates with a consent under paragraph 18 of Chapter 4.15 of the Guide for New Listing
Applicants
The Company has applied to, and the Stock Exchange has granted, a consent under paragraph
18 of Chapter 4.15 of the Guide to permit the Company to allocate further Offer Shares in the
International Offering to the Size-based Exemption Participants as placees, subject to the following
conditions:
(a) the final offering size of the Global Offering (assuming the Over-allotment Option is not
exercised) exceeds the minimum offering size requirement of HK$1 billion in order for a
size-based exemption to be granted;
(b) the Offer Shares allocated to all existing Shareholders and their close associates (whether
as cornerstone investors and/or as placees) as permitted under this exemption do not exceed
30% of the total number of Offer Shares offered under the Global Offering;


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19
(c) the Company does not have any controlling shareholder, and each Director and chief
executive of the Company has confirmed that no Offer Shares in the Global Offering have
been allocated to him/her or his/her respective close associates pursuant to the size-based
exemption referred to in this submission;
(d) the allocation to the Size-based Exemption Participants will not affect the Company ’s ability
to satisfy the minimum public float requirement under Rule 8.08(1) of the Listing Rules; and
(e) the details of the allocation to the Size-based Exemption Participants will be disclosed in the
allotment results announcement.
Such allocations of Offer Shares are in compliance with all the conditions under the consent
granted by the Stock Exchange. For details of the allocations of Offer Shares to the Cornerstone
Investors and/or their close associates, please refer to the section headed “Allotment Results
Details – Allottees with Waiver/Consents Obtained ” in this announcement .
Placing to connected clients with a prior consent under paragraph 1C(1) of the Placing
Guidelines
The Company has applied to the Stock Exchange for, and the Stock Exchange has granted, a
consent under paragraph 1C(1) of the Placing Guidelines to permit the Company to allocate the
Offer Shares in the International Offering to the connected clients. The allocation of Offer Shares
to such connected clients is in compliance with all the conditions under the consent granted by the
Stock Exchange. Details of the placement to connected clients are set out below:
No. Connected Distributor Connected Client Relationship
Whether the
connected client will
hold the beneficial
interests of the Offer
Shares on a non-
discretionary basis or
discretionary basis
for independent third
parties
Number of
Offer Shares
to be allocated
to the
connected
client
Approximate
percentage of
Offer Shares
allocated to the
connected client
(assuming the
Over-allotment
Option is not
exercised)
Approximate
percentage of
total issued
share capital
after the
Global Offering
(assuming the
Over-allotment
Option is not
exercised)
1. ABCI Capital Limited
(“ABCI Capital ”)
and ABCI Securities
Company Limited
(“ABCI Securities ”)
ABCI Asset
Management Limited
(“ABCI AM ”)(1)
ABCI AM, ABCI
Capital and ABCI
Securities are group
companies within the
same group
Discretionary basis 1,020,000 0.64% 0.06%
2. Guotai Junan Securities
(Hong Kong) Limited
(“GTJA Securities ”)
Guotai Junan
Investments
(Hong Kong)
Limited ( “GTJA
Investments ”)(2)
GTJA Investments is
a member of the
same group as GTJA
Securities
Non-discretionary basis 6,125,000 3.81% 0.36%


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20
Notes:
1. ABCI AM is a member of the same group of companies as ABCI Capital and ABCI Securities, and ABCI AM is
therefore a “connected client ” of ABCI Capital and ABCI Securities.
ABCI AM intends to hold the Offer Shares in its capacity as manager managing investment portfolios on behalf
of underlying investors (the “ABCI AM Ultimate Clients ”) who are independent third parties on a discretionary
basis.
To the best knowledge of ABCI AM, each of the ABCI AM Ultimate Clients is an independent third party of the
Company, its subsidiaries, its substantial shareholders, ABCI Capital, ABCI Securities and the companies which
are members of the same group of companies as ABCI Capital and ABCI Securities.
ABCI AM also confirms that it will not hold any Offer Shares placed to it on a proprietary basis for itself or for
any group member of ABCI, and the Offer Shares will be held by it on behalf of independent third parties.
2. GTJA Investments shall hold the Offer Shares for hedging purpose as the single underlying asset of a
back-to-back total return swap transaction (the “GTHT Back-to-back TRS ”) to be entered into between GTJA
Investments and Guotai Haitong Securities Co., Ltd. (the “GTHT Onshore Parent ”) in connection with the
total return swap order (the “GTHT Client TRS ”) to be entered into by GTHT Onshore Parent and the ultimate
client (the “GTHT Onshore Ultimate Client ”), respectively. Such GTHT Client TRS is to be fully funded
by the GTHT Onshore Ultimate Client. GTJA Investments will hold the Offer Shares on a non-discretionary
basis for the purpose of hedging the economic exposure under the GTHT Back-to-back TRS and GTHT Client
TRS only, During the tenor of the GTHT Client TRS, all economic returns of the Offer Shares will be passed
to the GTHT Onshore Ultimate Client and all economic losses shall be borne by the GTHT Onshore Ultimate
Client, subject to the terms and conditions of the GTHT Back-to-back TRS and GTHT Client TRS, and GTJA
Investments will not take part in any economic return or bear any economic loss in relation to the price of the
Offer Shares. The GTHT Onshore Ultimate Client may request to redeem the Offer Shares at its own discretion,
upon which GTJA Investments shall dispose of the Offer Shares and settle the GTHT Back-to-back TRS and
GTHT Client TRS in cash in accordance with the terms and conditions of the GTHT Back-to-back TRS and
GTHT Client TRS documents. Due to its internal policy, GTJA Investments will not exercise the voting right
attaching to the Offer Shares during the tenor of the GTHT Back-to-back TRS and GTHT Client TRS.
To the best knowledge of GTJA Investments and after making all reasonable enquiries, (i) each of the GTHT
Onshore Ultimate Client and the ultimate beneficial owner(s) holding 30% or more interest of the GTHT
Onshore Ultimate Client is an independent third party of GTJA Investments, GTJA Securities and the companies
which are members of the same group of companies as GTJA Securities, and (ii) GTJA Investments is not a
collective investment scheme which is not authorised by the SFC nor is expected to hold the Offer Shares on
behalf of such scheme. For the Stock Exchange ’s information, the GTHT Onshore Ultimate Client is a domestic
private fund, Duxi Bingtai Renaissance No. 18 Private Securities Investment Fund ( ጙဢາइ˖ᖵూጳ 18 ໮ӷ
ږmanaged by Shanghai Duxi Bingtai Private Equity Fund Management Co., Ltd. ( ɪऎጙဢ
ʮ̡ ) ( “Shanghai Duxi Bingtai ”) on a discretionary basis, with investment decisions
independently made by Shanghai Duxi Bingtai ’s fund managers. Shanghai Duxi Bingtai is held by Tang Fuquan
(၅Ό) and Liu Jie ( ᄎᆎ) as to 99.00% and 1.00%, respectively.


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21
Allocations of Offer Shares to an existing minority Shareholder and a close associate of
existing minority Shareholders with a consent under Rule 10.04 of the Listing Rules and
paragraph 1C(2) of the Placing Guidelines
The Company has applied to the Stock Exchange for, and the Stock Exchange has granted, consent
under Rule 10.04 of the Listing Rules and paragraph 1C(2) of the Placing Guidelines to permit
the Company to allocate the Offer Shares in the International Offering to an existing minority
Shareholder and a close associate of existing minority Shareholders as placees, subject to the
following conditions:
(a) each of (i) Linear Venture; and (ii) Planetree Partners, EXC Investment LLC and Planetree
EXC Investment LLC (together, the “Permitted Existing Shareholders ”) (on an aggregate
basis), holds less than 5% of the Company ’s voting rights prior to the Listing;
(b) each of the Permitted Existing Shareholders is not and will not be, a core connected person of
our Company or any close associate of any such core connected person immediately prior to
or following the Global Offering;
(c) each of the Permitted Existing Shareholders does not have the power to appoint any Director
and/or have any other special rights;
(d) allocation to Linear Venture and Wonder Edge will not affect the Company ’s ability to
satisfy the public float requirement under Rule 8.08 of the Listing Rules;
(e) no preferential treatment has been, nor will be, given to Linear Venture or Wonder Edge by
virtue of their relationship with the Company in any allocation in the International Offering;
and
(f) each of the Company, the Joint Sponsors and the Overall Coordinators will provide the Stock
Exchange with written confirmations in accordance with Chapter 4.15 of the Guide.
The allocation of Offer Shares to the existing Shareholders and/or their close associates as placees
is in compliance with all the conditions under the consent granted by the Stock Exchange.
For details of the allocations of Offer Shares to the existing Shareholders and/or their close
associates, please refer to the section headed “Allotment Results Details – Allottees with Waivers/
Consents Obtained ” in this announcement .


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22
DISCLAIMERS
Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the
“Stock Exchange ”) and Hong Kong Securities Clearing Company Limited ( “HKSCC ”) take no
responsibility for the contents of this announcement, make no representation as to its accuracy
or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising
from or in reliance upon the whole or any part of the contents of this announcement.
This announcement is not for release, publication, distribution, directly or indirectly, in or into
the United States (including its territories and possessions, any state of the United States and the
District of Columbia). This announcement does not, and is not intended to, constitute or form a
part of any offer to sell or solicitation to purchase or subscribe for any securities in the United
States or in any other jurisdiction. The Offer Shares have not been, and will not be, registered
under the U.S. Securities Act of 1933, as amended from time to time (the “U.S. Securities Act ”)
or securities law of any state or other jurisdiction of the United States and may not be offered,
sold, pledged or otherwise transferred within the United States, except pursuant to an available
exemption from, or in a transaction not subject to, the registration requirements of the U.S.
Securities Act and in compliance with any applicable state securities laws. There will be no
public offer of the Offer Shares in the United States.
The Offer Shares are being offered and sold outside the United States in offshore transactions
in reliance on Regulation S under the U.S. Securities Act, or in the United States to qualified
institutional buyers in reliance on Rule 144A or any other available exemption from the
registration requirements under the U.S. Securities Act.
This announcement is for information purposes only and does not constitute an offer or an
invitation to induce an offer by any person to acquire, purchase or subscribe for any securities
of the Company. This announcement is not a prospectus. Potential investors should read the
Prospectus dated April 9, 2026 issued by the Company for detailed information about the
Company and the Global Offering described below before deciding whether or not to invest in
the Shares. Any investment decision in relation to the Offer Shares should be taken solely in
reliance on the information provided in the Prospectus.
*  Potential investors of the Offer Shares should note that the Overall Coordinators (for
themselves and on behalf of the Hong Kong Underwriters) shall be entitled to terminate the
Hong Kong Underwriting Agreement with immediate effect upon the occurrence of any of the
events set out in the section headed “Underwriting {  Underwriting Arrangements and Expenses
{ Hong Kong Public Offering {  Grounds for Termination ” in the Prospectus at any time prior
to 8:00 a.m. (Hong Kong time) on the Listing Date (which is currently expected to be on Friday,
April 17, 2026).


--- page 23 ---
23
PUBLIC FLOAT AND FREE FLOAT
Immediately after the completion of the Global Offering, approximately 35.34% of our total issued
Shares upon the completion of the Global Offering (before any exercise of the Over-allotment
Option) will be counted towards public float, which is higher than the prescribed percentage of
Shares required to be held in public hands of 15% which is the minimum prescribed public float
percentage applicable to our Shares under Rule 8.08 of the Listing Rules, thereby satisfying Rule
8.08(1) of the Listing Rules at the time of the Listing.
Based on the final Offer Price of HK$7.62 per Share, the Company satisfies the free float
requirement under Rule 8.08A of the Listing Rules.
The Directors confirm that, immediately following completion of the Global Offering: (i) no placee
will, individually, be placed more than 10% of the enlarged issued share capital of the Company
immediately after the Global Offering; (ii) there will not be any new substantial Shareholder under
the Listing Rules immediately after the Global Offering; (iii) the three largest public shareholders
of the Company do not hold more than 50% of the Shares in public hands at the time of the Listing
in compliance with Rules 8.08(3) and 8.24 of the Listing Rules; and (iv) there will be at least 300
Shareholders at the time of the Listing in compliance with Rule 8.08(2) of the Listing Rules.
COMMENCEMENT OF DEALINGS
Share certificates will only become valid evidence of title at 8:00 a.m. (Hong Kong time)
on Friday, April 17, 2026, provided that the Global Offering has become unconditional and
the right of termination described in the section headed “Underwriting {  Underwriting
Arrangements and Expenses {  Hong Kong Public Offering {  Grounds for Termination ” in
the Prospectus has not been exercised. Investors who trade Shares prior to the receipt of Share
certificates or the Share certificates becoming valid evidence of title do so entirely at their own
risk.
Assuming that the Global Offering becomes unconditional at or before 8:00 a.m. (Hong Kong
time) on Friday, April 17, 2026, it is expected that dealings in the Shares on the Stock Exchange
will commence at 9:00 a.m. on Friday, April 17, 2026. The Shares will be traded in board lots of
500 Shares each. The stock code of the Shares will be 00068.
By order of the Board
Manycore Tech Inc.
Mr. Huang Xiaohuang
Chairman of the Board and Executive Director
Hong Kong, April 16, 2026
Directors and proposed directors of the Company named in the application to which this
announcement relates are: (i) Mr. Huang Xiaohuang, Mr. Chen Hang, Mr. Zhu Hao and Mr. Shen
Bei as executive Directors; (ii) Mr. Foo Ji-xun and Mr. Tan Zhiqian as non-executive Directors;
and (iii) Ms. Chen Lianqing, Mr. Ge Ke and Mr. Yeung Kwok On as proposed independent non-
executive Directors.