HG Semiconductor Limited — Board/Management Information 2024

Dec 11, 2024

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

HG SEMICONDUCTOR LIMITED

宏光半導體有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 6908)

RESIGNATION OF EXECUTIVE DIRECTOR

AND

DEPUTY CHIEF EXECUTIVE OFFICER

The board (the "Board") of directors (the "Director(s)") of HG Semiconductor Limited (the "Company", together with its subsidiaries, the "Group") announces that Mr. Lu Kailin ("Mr. Lu") has tendered his resignation as an executive Director and the Deputy Chief Executive Officer of the Company (the "Resignation") with effect from 11 December 2024, in order to devote more time to his other business arrangements.

Mr. Lu has confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited.

The Board would like to take this opportunity to express its gratitude to Mr. Lu for his valuable contributions to the Group during his tenure as an executive Director and the Deputy Chief Executive Officer of the Company.

By Order of the Board

HG Semiconductor Limited

Dr. Xu Zhihong

Chairman and Executive Director

Hong Kong, 11 December 2024

As at the date of this announcement, the executive Directors are Dr. Xu Zhihong, Mr. Zhao Yi Wen, Mr. Li Yang and Mr. Leung Kin Pang; and the independent non-executive Directors are Mr. Zou Haiyan and Mr. Siu Miu Man, Simon, MH and Ms. Liu Wanwen.

If there is any inconsistency in this announcement between the Chinese and English versions, the English version shall prevail.