MANYCORE TECH Concludes Price Stabilization Period for Global Offering

Stock News05-18

MANYCORE TECH (00068) has announced the conclusion of the price stabilization period related to its global offering on May 14, 2026, which is the 30th day after the deadline for submitting applications under the Hong Kong public offering. The price stabilization actions taken during this period by the stabilizing manager, J.P. Morgan Securities (Asia Pacific) Limited, its affiliates, or any person acting on their behalf, are detailed below:

(1) A total of 24,092,500 shares were over-allocated in the international offering, representing approximately 15% of the total number of shares initially available for subscription under the global offering prior to the exercise of the over-allotment option.

(2) The sponsor and overall coordinator, acting for itself and on behalf of the international underwriters, fully exercised the over-allotment option on April 20, 2026, at a price of HKD 7.62 per share, involving a total of 24,092,500 shares. This action facilitated the return of 24,092,500 borrowed shares to Wintermatch International Limited under a share borrowing agreement, which were used to cover the over-allocation in the international offering.

The stabilizing manager did not engage in any market purchases or sales of shares for price stabilization purposes during the stabilization period.

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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