Movement Alert｜MANYCORE TECH Intraday Rise 6.79% in Regular Trading, Management Extends Share Lock-Ups by 12 Months

Market Focus10-27

On October 27, MANYCORE TECH rose 6.79% in Regular Trading, trading at HK$3.385, with turnover of HK$76.08 million.

The move followed recent disclosure that key management voluntarily extended or entered into 12-month lock-up undertakings, reinforcing a long-term commitment signal to the market.

The undertakings cover 483.2 million shares, representing about 27.99% of issued share capital, and restrict the relevant holdings from being sold or reduced until October 16, 2027. The covered holders include co-founders Huang Xiaohuang, Chen Hang and Zhu Hao, as well as CFO Shen Bei. Management also said future efforts will focus on computing power, data and model deployment, while emphasizing spatial intelligence models as a critical capability for real-world AI commercialization.

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