Manycore Tech Completes IPO Stabilization; 24.09 Million Shares Over-Allotted, Option Fully Exercised at HK$7.62

Bulletin Express05-18

Manycore Tech Inc. announced the conclusion of its 30-day post-listing stabilization period on 14 May 2026, in accordance with Section 9(2) of Hong Kong’s Securities and Futures (Price Stabilizing) Rules.

During this window, J.P. Morgan Securities (Asia Pacific) Limited—acting as Stabilizing Manager—implemented two key actions:

1. Over-allocated 24.09 million shares in the International Offering, equal to approximately 15% of the total shares originally offered. 2. Fully exercised the over-allotment option on 20 April 2026, purchasing the same 24.09 million shares at the IPO offer price of HK$7.62 per share. The transaction enabled the return of the borrowed stock to Wintermatch International Limited.

No additional on-market share purchases or sales were executed for price-stabilization purposes throughout the period.

Following these actions, Manycore Tech confirmed that its public float remains in compliance with Listing Rule 8.08(1).

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