Core Viewpoint - Tian Ge Interactive (01980) is currently facing a public float issue, with approximately 20.85% of its shares held by the public, which is below the minimum requirement set by the listing rules [1] Group 1: Public Float and Offer Conditions - The company announced that as of the date of the announcement, its public float is approximately 20.85%, which is below the minimum public float requirement as per listing rule 13.32B(1) [1] - On January 8, 2026, Sina, through Yuming Investment Management Co., informed the board of its intention to make a partial offer, contingent upon certain conditions being met [1] - By February 4, 2026, Sina announced that all preconditions for the partial offer had been fulfilled [1] Group 2: Board Actions and Compliance - According to takeover code rule 4, once a genuine offer has been communicated to the board, the board cannot take any obstructive actions without shareholder approval at a general meeting [2] - Obstructive actions include issuing new shares and granting stock options, which are part of the company's public float restoration plan disclosed in the announcement dated January 29, 2026 [2] - The board is committed to restoring the company's public float in accordance with listing rule 13.32B and will monitor the progress of the partial offer [2]
天鸽互动：公众持股量约为20.85%