Manycore Tech Signs Strategic Cooperation Framework with Goldstream Investment to Accelerate Global Expansion and Launch AI-Focused VC Fund

Manycore Tech Inc. (MANYCORE TECH, stock code: 00068) has entered into a non-binding Strategic Cooperation Framework Agreement with Goldstream Investment Limited (GIL), a Hong Kong-listed subsidiary of Hony Capital Group, L.P.

Key cooperation areas • Global expansion: GIL will tap the Hony Capital ecosystem—covering international furniture supply chains and the broader consumer sector—to support Manycore Tech’s overseas market penetration and customer acquisition. • Venture capital fund: The parties intend to co-establish a fund targeting early- to growth-stage projects in spatial intelligence and AI-related technologies with global scalability. • Capital-markets collaboration: GIL will offer advisory and related financial services to strengthen Manycore Tech’s financing and corporate development activities. • Research sharing: Both sides will exchange industry research and market insights, particularly in spatial intelligence, to bolster strategic decision-making.

Status and next steps The Framework Agreement is indicative and non-binding. Detailed terms will be finalized in a definitive agreement, subject to applicable laws and the Hong Kong Listing Rules. Further announcements will be made upon execution of binding documents.

Counterparty profile GIL (HKEX: 1328) operates investment management and strategic direct investment businesses under the umbrella of Hony Capital. Since its inception in the early 2000s, Hony Capital has invested in more than 100 companies across technology, pharmaceuticals, consumer products, entertainment, environmental protection, new energy, and industrial manufacturing, managing assets for institutional investors including foundations, sovereign wealth funds, university endowments, and family offices.

Rationale Management believes the partnership leverages complementary strengths—Manycore Tech’s technological expertise and GIL’s capital-markets capabilities and global network—aiming for mutual benefit and long-term value creation for shareholders.

Cautionary note Implementation of the cooperation remains contingent on signing definitive agreements; terms may change or be only partially executed. Investors should exercise caution when dealing in Manycore Tech securities.