Tian Ge Interactive Reports Substantial Fair Value Gain on Fund Investments

Key Highlights

• Fair Value Gain: Tian Ge Interactive Holdings Limited has reported a fair value gain of approximately RMB117.5 million from its investments in certain fund shares as of 21 April 2026.
• Valuation Metrics: The fair value per invested share, as measured by the company, was RMB4.20 as at 31 December 2025, while the closing share price on 21 April 2026 was HKD38.8 (equivalent to RMB33.98).
• Investment Subject: The gain is tied to investments in the shares of Manycore, a company whose share price may be volatile.
• Currency Conversion: The reported figures use a conversion rate of RMB87.588 per HKD100, based on the central parity exchange rate released by The People’s Bank of China on 21 April 2026.

Details for Investors

Tian Ge Interactive Holdings Limited has released a supplemental announcement to provide further clarity on its previously declared fair value gain from certain fund investments. The gain, amounting to approximately RMB117.5 million, reflects the appreciation in value of its invested shares, calculated using the company’s internal valuation and the prevailing market price of the relevant shares (Manycore).

The company notes that the fair value per invested share was RMB4.20 as at the end of 2025, but by 21 April 2026, the market closing price of Manycore shares had risen significantly to HKD38.8, or RMB33.98 per share. This substantial difference in valuation underscores the considerable gain recognized by Tian Ge Interactive.

Importantly, the company cautions that the share price of Manycore is subject to market fluctuations, and as such, the fair value gain realized by Tian Ge Interactive may change in the future based on share price movements.

What Shareholders Need to Know

• Potential Share Price Impact: The announcement of a RMB117.5 million fair value gain is a significant event and could have a material impact on Tian Ge Interactive’s financial results and, consequently, its share price.
• Volatility Warning: The company explicitly warns investors and shareholders that the value of its investment in Manycore is sensitive to share price changes, which could affect future gains or losses.
• Advisory for Investors: Shareholders and potential investors are urged to exercise caution when trading Tian Ge Interactive shares and are recommended to consult professional advisers if in doubt.

Board and Governance

As of the date of the announcement, the Board of Directors consists of executive directors Mr. Fu Zhengjun (Chairman), Mr. Mai Shi’en, and Mr. Zhao Weiwen; non-executive director Ms. Cao Fei; and independent non-executive directors Mr. Tse Ming Lun Alan, Mr. Wang Mingchun, and Mr. Lam Yick Man.

Conclusion

The disclosure of a substantial fair value gain from fund investments is a noteworthy development for Tian Ge Interactive Holdings Limited. The company’s investment performance, especially in relation to Manycore shares, and the potential for continued volatility, are key factors for investors to monitor closely in the coming periods.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Shareholders and investors are encouraged to conduct their own research and consult professional advisers before making any investment decisions. The company has cautioned that the value of its investments may fluctuate, and past performance is not necessarily indicative of future results.

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