"Hangzhou Six Little Dragons" Cool Group Technology lists on HKEX, CCB International creates "the world's first spatial intelligence stock"

Hong Kong, April 17, 2026 /PRNewswire/ -- On April 17, 2026, Manycore Tech Inc. ("Manycore Tech" or the "Company", $MANYCORE TECH(00068.HK)) was successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited. China Construction Bank International Capital Corporation Limited ("CCB International") acted as the Joint Sponsor, Overall Coordinator, Joint Global Coordinator, Joint Bookrunner, and Joint Lead Manager for this Hong Kong initial public offering, assisting the Company in successfully accessing the international capital market.

The Global Offering comprised a total of 160,619,000 shares, with an offer price of HK$7.62 per share, raising approximately HK$1.22 billion (pre-greenshoe). The Hong Kong public offering was ultimately oversubscribed by over 1,590 times, and the international placement was oversubscribed by over 14 times, reflecting strong market demand. Leveraging the platform advantages of the CCB Group, its extensive branch network, and efficient synergy mechanisms, CCB International deeply participated in the introduction of cornerstone investors, successfully securing nine cornerstone investors, including Sunshine Life Insurance, Wusong Capital, Guohui, etc. Relying on its professional service capabilities, it also assisted the Company in attracting anchor orders from numerous top-tier domestic and international long-only funds and sovereign wealth funds, laying a solid investor foundation for the offering.

Manycore Tech is a global leading cloud-native spatial design software provider and the first among the "Hangzhou Six Little Dragons" to successfully list on the capital market. As a typical representative of China's new quality productive forces and spatial intelligence, according to Frost & Sullivan, the Company was the largest spatial design software provider in China in terms of revenue in 2024, accounting for approximately 23.2% of the market share. Driven by artificial intelligence (AI) technology and dedicated Graphics Processing Unit (GPU) clusters, the Company has formed a rich product matrix, including the spatial design platform Kujiale and its overseas version Coohom, as well as the next-generation spatial intelligence solution for indoor environment AI development — the Manycore Spatial Intelligence Platform SpatialVerse. The next wave of AI is Physical AI, currently transitioning from cognitive intelligence to spatial intelligence related to Physical AI. Through the Kujiale platform, the Company has accumulated over 480 million 3D models and spatial elements. These physically correct structured 3D data form the foundation for AI to move into the physical world, ultimately enabling AI to act, create, and serve in real space. SpatialVerse accelerates AI development using realistic and physically correct synthetic 3D datasets. The Company has independently developed a spatial large model system, including the Spatial Language Model (SpatialLM) and the Spatial Generation Model (SpatialGen), enabling AI systems to understand, reason, and generate three-dimensional environments.

Mr. Li Qianxin, Chairman of CCB International Holdings, stated: "The central government has always firmly supported Hong Kong in consolidating and enhancing its status as an international financial center, maintaining the long-term prosperity and stability of Hong Kong's capital market. In recent years, the state has successively introduced relevant policies to actively support enterprises in emerging industries such as information technology, artificial intelligence, and semiconductors to list and raise funds in Hong Kong. The Hong Kong SAR Government has acted accordingly and proactively promoted the launch of new listing mechanisms and sectors like 18A and 18C, vigorously attracting new economy enterprises to list on the Hong Kong stock market and continuously optimizing the industry structure of listed companies. Especially since Chief Executive John Lee's visit to Hangzhou in April 2025, economic and trade cooperation between Zhejiang and Hong Kong has become increasingly active. Manycore Tech's listing on the HKEX is a comprehensive embodiment of state policy support, the convenience provided by Hong Kong's capital market, and new economy enterprises going global. As the flagship investment bank of the CCB Group in Hong Kong, CCB International has always empowered hard-tech innovation with financial resources, supported the development of new quality productive forces, and firmly accompanied high-quality Chinese technology companies in deepening their industries and going international. In the future, we will continue to leverage our professional advantages and platform resources to connect with global capital and contribute more to the upgrading of the technology industry and the high-quality development of the capital market."

Acting as the Joint Sponsor and Overall Coordinator for this offering, CCB International, with its rich experience in sponsoring projects in the TMT sector, particularly its deep understanding of the AI industry and spatial intelligence sector, provided high-quality support to the issuer at various critical stages including project sponsorship, due diligence execution, sales planning, and marketing. It also led communication with domestic regulatory authorities, successfully completed the filing of the red-chip VIE structure, and deeply participated in communication with overseas regulatory bodies, facilitating the completion of the listing approval. During the sales process, as a Joint Sponsor, CCB International co-led the overall sales efforts of the project. During the market promotion, it fully mobilized multi-platform and multi-channel resources within its domestic and international systems, efficiently reached various types of investors, comprehensively communicated the Company's unique investment value, achieved an excellent order conversion rate, demonstrated outstanding client service capabilities, and gained the trust and high recognition of the issuer.

As one of the most active Chinese bank-affiliated investment banks in the Hong Kong stock market, CCB International has long adhered to serving technology companies as its main focus. This transaction, as the "first global spatial intelligence stock" and the "first Hangzhou Six Little Dragons stock," is not only a landmark Hong Kong IPO project that CCB International focused on building in 2026 but also a representative case of its service to hard-tech companies "going global." It further consolidates CCB International's professional advantages in the TMT sector and continues to demonstrate its leading position in Hong Kong's capital market. CCB International is currently advancing several sponsorship projects in fields such as embodied intelligence, artificial intelligence, and advanced manufacturing. Over the past decade, the number of its sponsored projects ranked first among Chinese bank-affiliated investment banks. In 2025, it completed 6 sponsorship projects, ranking among the top eight of all Chinese and international investment banks in Hong Kong. In the future, CCB International will continue to empower technological innovation and industrial upgrading with financial strength, assisting more high-quality technology companies in listing on international capital markets.