Manycore Tech Inc. Announces Exemption from 2025 Annual Report Publication Requirement

Key Highlights for Investors

• Exemption from Annual Report Requirement: Manycore Tech Inc. (“the Company”) has formally announced that it will not prepare, publish, or distribute a separate annual report or summary financial report to its shareholders for the year ended December 31, 2025.
• Regulatory Basis: This exemption is in accordance with Note 4 to Rule 13.46(2) of the Hong Kong Listing Rules, as previously disclosed in the Company’s prospectus dated April 9, 2026.
• Financial Information Already Disclosed: Comprehensive financial results for the year ended December 31, 2025 have already been included in the Prospectus, which is publicly available on both the Hong Kong Stock Exchange website and the Company’s own website.
• Corporate Governance Compliance: The Company confirms that it has complied with the applicable code provisions in Part 2 of the Corporate Governance Code as set out in Appendix C1 to the Listing Rules.
• Legal and Regulatory Compliance: The Company assures investors that this exemption does not breach its Articles of Association, Cayman Islands law, or other regulatory requirements.

Important Details That May Affect Shareholder Value

• Transparency and Disclosure: Investors should note that the lack of a separate annual report for 2025 does not mean a lack of financial transparency. All required financial information and disclosures have already been made in the Prospectus. This move streamlines reporting for the year but does not reduce the information available to investors.
• Potential Impact on Share Price: The announcement may have a neutral-to-minimal impact on the Company’s share price, as there is no indication of any change in business fundamentals, financial performance, or strategic direction. The exemption is procedural and regulatory, not operational or financial.
• Access to Financial Information: Shareholders and potential investors are reminded that the 2025 financial results can be accessed through the Stock Exchange website (www.hkexnews.hk) and the Company’s official website (www.manycoretech.com).
• Leadership Assurance: The announcement is authorized by Mr. Huang Xiaohuang, Chairman of the Board and Executive Director, reaffirming the Company’s commitment to regulatory compliance and transparency.
• Board Composition: As of the announcement date, the Board comprises a mix of executive, non-executive, and independent non-executive directors, ensuring balanced oversight and governance.

Comprehensive Summary

Manycore Tech Inc., a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange (stock code: 00068), has announced that it will not be publishing or sending a separate annual report or summary financial report for the financial year ending December 31, 2025. This exemption is permitted under Hong Kong Listing Rules because all relevant financial information for 2025 has already been included in the Company’s prospectus published on April 9, 2026.

The Company’s decision is based on three main factors:

1. All required financial disclosures for 2025 are present in the Prospectus;
2. The exemption does not violate the Company’s Articles of Association or any applicable laws or regulations in the Cayman Islands;
3. The Company has stated compliance with the Corporate Governance Code provisions as required by the Hong Kong Listing Rules.

Investors and shareholders are encouraged to review the 2025 financial results in the Prospectus, which is available online. The Board, led by Chairman Mr. Huang Xiaohuang, remains committed to high standards of corporate governance and transparency.

Disclaimer

This article is for informational purposes only and does not constitute investment advice or an offer to buy or sell any securities. Investors are advised to conduct their own independent research and consult their financial advisors before making any investment decisions. The information provided herein is based on official company announcements and public disclosures as of the stated dates.

View MANYCORE TECH Historical chart here