MANYCORE TECH (00068.HK): Directors extend lock-up by 12 months
- The undertakings do not restrict any cashless exercise or cashless vesting under the pre-IPO or post-IPO equity incentive plans.
NewTimeSpace News: On 20 October 2026, Manycore Tech Inc. (stock code: 00068) announced that four executive directors have undertaken to extend the lock-up on their shareholdings by 12 months from 17 October 2026 to 16 October 2027, covering 483,200,000 shares, or about 27.99% of the company's total issued shares excluding treasury shares.
Chairman Huang Xiaohuang's Wintermatch International Limited holds 238 million shares (about 13.79%), CEO Chen Hang's Ineffable International Limited 170 million shares (about 9.85%) and CTO Zhu Hao's Peekaboo International Limited 65 million shares (about 3.77%). CFO Shen Bei's 10.2 million shares (about 0.59%) are options under the 2014 pre-IPO equity incentive plan, to be settled by shares issued to Wide Future Group Limited, and he has undertaken not to sell until 16 October 2027. The undertakings do not restrict cashless exercise or cashless vesting under the share plans.
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