Manycore Tech Lists on HKEX as World’s First Spatial Intelligence Company

Hong Kong, April 17, 2026 — Manycore Tech Inc. (“Manycore Tech” or the “Company”) today officially listed on the Main Board of the Hong Kong Stock Exchange (HKEX) under stock code 00068.HK, becoming the world’s first publicly listed company focused on spatial intelligence. This milestone marks a significant step forward for both the Company and Hong Kong’s rapidly growing AI ecosystem.

The listing ceremony was attended by senior government and industry leaders, alongside the Company’s co-founders and management team, celebrating a landmark moment in the evolution of AI toward real-world applications.

As a pioneer in spatial intelligence, Manycore Tech drew strong investor interest. On its debut trading day, the stock opened at HKD 20, bringing its market capitalization to approximately HKD 350 billion.

Strong Market Debut Highlights Global Confidence

Founded in 2011, Manycore Tech leverages GPU-based computing to simulate and model the physical world, bridging digital and real environments. The Company has built China’s largest cloud-native spatial design platform and developed proprietary spatial large models, forming a robust technological ecosystem centered on “spatial tools, spatial data, and spatial models.”

The IPO was priced at HKD 7.62 per share, raising approximately HKD 1.224 billion in total proceeds. Market demand was exceptionally strong, with the Hong Kong public offering oversubscribed by 1,591 times and the international offering by 14.46 times. A group of prominent cornerstone investors further reinforced confidence in the Company’s long-term growth.

Coohom Powers Global Expansion of Spatial Intelligence

As AI evolves from text and image processing to interacting with the 3D physical world, spatial intelligence is emerging as a foundational capability. Guided by its mission to “make every space computable,” Manycore Tech is building the infrastructure for AI to understand and operate in real-world environments.

Coohom, the Company’s international platform, plays a central role in this strategy. As a leading global spatial design and visualization solution, Coohom empowers designers, retailers, and enterprises with advanced cloud rendering and AI-driven tools, enabling efficient 3D content creation across industries such as interior design, e-commerce, and digital marketing.

The Company’s broader product portfolio also includes Kujiale, LuxReal, SpatialVerse, and SpatialTwin, along with the Aholo spatial intelligence development platform, which integrates core capabilities such as spatial reconstruction, generation, editing, and understanding.

Technology and Growth Driving Future Opportunities

Manycore Tech continues to expand into new applications, including embodied AI training, e-commerce visualization, industrial digital twins, and 3D content creation, supported by a growing ecosystem of global partners.

Financially, the Company reported revenue of RMB 820 million in 2025 with a gross margin of 82.2%, and achieved profitability with an adjusted net profit of RMB 57.1 million. From 2023 to 2025, R&D investment exceeded RMB 1 billion, underscoring its commitment to innovation.

The Company has also built a dedicated GPU computing infrastructure and launched advanced models such as SpatialLM and SpatialGen. Following its open-source release, SpatialLM quickly ranked among the top trending projects globally, attracting significant attention from the developer community.

About Coohom

Coohom is a global cloud-native spatial design platform under Manycore Tech, dedicated to enabling efficient 3D design and visualization through AI and real-time rendering technologies. Serving millions of users worldwide, Coohom continues to accelerate the adoption of spatial intelligence across industries and markets.