Core Viewpoint - Tian Ge Interactive (01980) has established an independent board committee composed of all independent non-executive directors to provide opinions to independent shareholders regarding a partial offer [1] Group 1: Company Structure and Governance - The independent board committee consists of Mr. Xie Minglin, Mr. Wang Mingchun, and Mr. Lin Yiwen [1] - Non-executive director Ms. Cao Fei serves as the Chief Financial Officer of Weibo Corporation, which is controlled by Sina Corporation, thus disqualifying her from being a member of the independent board committee due to lack of independence [1] Group 2: Advisory and Compliance - Red Sun Capital Limited, a licensed corporation under the Securities and Futures Ordinance, has been appointed as an independent financial advisor to provide opinions on the fairness and reasonableness of the partial offer terms [1] - This appointment has been approved by the independent board committee in accordance with Rule 2.1 of the Takeovers Code [1]

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]

Group 1 - The public float of Tian Ge Interactive (01980) 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] - On February 4, 2026, Sina announced that all preconditions for the partial offer had been fulfilled [1] Group 2 - According to Takeover Code Rule 4, once a genuine offer has been communicated to the board of the target company, the board cannot take any obstructive actions without shareholder approval [2] - Obstructive actions include issuing new shares and granting 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]

Core Viewpoint - Easy Life Holdings (00223) has announced the establishment of an independent board committee to assess the fairness and reasonableness of the partial offer terms and to provide recommendations to eligible shareholders regarding the acceptance of the partial offer [1] Group 1 - The independent board committee consists of independent non-executive directors Lin Qiucheng, Wang Anxin, and Hu Guocai [1] - The board has appointed Junfu Capital Limited as an independent financial advisor to provide opinions on the fairness of the partial offer terms and the acceptance of the partial offer [1]

Core Viewpoint - Easy Life Holdings (00223) has announced the establishment of an Independent Board Committee to evaluate the fairness and reasonableness of the partial offer terms and to provide recommendations to eligible shareholders regarding the acceptance of the partial offer [1] Group 1 - The Independent Board Committee is composed of all independent non-executive directors, namely Mr. Lin Qiucheng, Mr. Wang Anxin, and Mr. Hu Guocai [1] - The Board has appointed E Fund Capital Limited as the independent financial advisor to provide opinions to the Independent Board Committee regarding the fairness and reasonableness of the partial offer terms [1]