HG Semiconductor Limited — Share Issue/Capital Change 2021

Jul 30, 2021

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 disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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HONGGUANG LIGHTING HOLDINGS COMPANY LIMITED 宏 光 照 明 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 6908)

CHANGE IN BOARD LOT SIZE

The board of directors (the ‘‘Board’’) of HongGuang Lighting Holdings Company Limited (the ‘‘Company’’, together with its subsidiaries, the ‘‘Group’’) announces that the board lot size of the ordinary shares of the Company (the ‘‘Shares’’) for trading on the Main Board of The Stock Exchange of Hong Kong Limited (the ‘‘Stock Exchange’’) will be changed from 5,000 Shares to 1,000 Shares with effect from 9:00 a.m. on Friday, 20 August 2021 (the ‘‘Change in Board Lot Size’’).

REASONS FOR CHANGE IN BOARD LOT SIZE

The Shares are currently traded in board lots of 5,000 Shares each. Upon the Change in Board Lot Size becoming effective, the Shares shall be traded in board lots of 1,000 Shares each. Based on the closing price of HK$7.59 per Share as quoted on the Stock Exchange as at the date of this announcement, the market value per each board lot of the Shares before the Change in Board Lot Size is HK$37,950 and will be HK$7,590 after the Change in Board Lot Size.

The Group is principally engaged in the design, development, manufacturing, subcontracting service and sales of light emitting diode (‘‘LED’’) beads, LED lighting products and fast charging products in the PRC. In addition to the LED products, the Directors are optimistic about the long-term development of the businesses of the Group, especially in relation to the market potential for electric bicycle battery systems, the related fast charging solution, and semiconductor products including Gallium Nitride (‘‘GaN’’) related products. In light of the recent completion of the placing of new Shares at the placing price of HK$5.80 per placing Share, the Board believes that this indicates a positive response from the market whereby it has acknowledged the potential development of the Group.

As such, the Board remains optimistic about the future prospects of the Group. The Board expects the reduction in board lot size will lower the threshold for investors to purchase the Shares, thus facilitating the trading and improving the liquidity of the Shares, which will enable the Company to attract more investors and therefore broaden the shareholders’ base of the Company.

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Taking into consideration the long-term prospect of the Group and the prevailing market price of the Shares and the Change in Board Lot Size will not create odd lot Shares, the Board considers that the Change in Board Lot Size is in the interest of the Company and its shareholders as a whole.

The Change in Board Lot Size will not result in any change in the relative rights of the shareholders of the Company. As no odd lots of the Shares will result from the Change in Board Lot Size, no odd lot arrangement is required to be made to match the sales and purchases of odd lots.

EXPECTED TIMETABLE

The expected timetable for the Change in Board Lot Size is set out below:

Event	Hong Kong Date and Time
Publication of Change in Board Lot Size announcement	Friday, 30 July 2021
First day for free exchange of existing share certificates in	Friday, 6 August 2021
board lots of 5,000 Shares each for new share certificates
in board lots of 1,000 Shares each
Last day for trading of the Shares in board lots of 5,000	Thursday, 19 August 2021
Shares in the original counter
Effective date of Change in Board Lot Size from 5,000	Friday, 20 August 2021
Shares to 1,000 Shares each
Original counter for trading in the Shares in board lots of	9:00 a.m., Friday, 20 August 2021
5,000 Shares each becomes a counter for trading in the
Shares in board lots of 1,000 Shares each
Temporary counter for trading in the Shares in board lots of	9:00 a.m., Friday, 20 August 2021
5,000 Shares each opens
First day of parallel trading in the Shares (in board lots of	9:00 a.m., Friday, 20 August 2021
1,000 Shares each and board lots of 5,000 Shares each)
Temporary counter for trading in the Shares in board lots of	4:10 p.m., Thursday, 9 September 2021
5,000 Shares each closes
Last day of parallel trading in the Shares (in board lots of	4:10 p.m., Thursday, 9 September 2021
1,000 Shares each and board lots of 5,000 Shares each)

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Hong Kong Date and Time

Event

• Last day (and latest time for submission of share certificates to the Share Registrar) for free exchange of existing share certificates in board lots of 5,000 Shares each for new share certificates in board lots of 1,000 Shares each

• 4:30 p.m., Monday, 13 September 2021

EXCHANGE OF NEW SHARE CERTIFICATES

Shareholders of the Company may submit their existing share certificates in board lots of 5,000 Shares each to the Company’s Hong Kong branch share registrar, Boardroom Share Registrars (HK) Limited (the ‘‘Share Registrar’’) at 2103B, 21/F, 148 Electric Road, North Point, Hong Kong, in exchange for new share certificates in board lots of 1,000 Shares each free of charge during business hours from 9:00 a.m., Friday, 6 August 2021 to 4:30 p.m., Monday, 13 September 2021 (both days inclusive). After the expiry of such period, existing share certificates will be accepted for exchange only on payment of a fee of HK$2.50 (or such higher amount as may from time to time be specified by the Stock Exchange) for each new share certificate in board lots of 1,000 Shares each issued or each existing share certificate submitted, whichever number of share certificate involved is higher. It is expected that the new share certificates will be available for collection from the Share Registrar by the shareholders of the Company within 10 business days after delivery of the existing share certificates to the Share Registrar for the purpose of exchange.

With effect from Friday, 20 August 2021, all new share certificates will be issued in board lots of 1,000 Shares each (except where the Share Registrar is otherwise instructed). All existing share certificates in board lots of 5,000 Shares each will continue to be good evidence of legal title to such Shares and be valid for transfer, delivery, trading and settlement purposes. Save and except for the change in the number of Shares for each board lot, the new share certificates (for Shares in board lots of 1,000 Shares each) will have the same design and colour as the existing share certificates (for Shares in board lots of 5,000 Shares each).

By order of the Board

HongGuang Lighting Holdings Company Limited Zhao Yi Wen Chairman and Executive Director

Hong Kong, 30 July 2021

As at the date of this announcement, the executive Directors of the Company are Mr. Zhao Yi Wen, Mr. Lin Qi Jian and Mr. Chan Wing Kin; the non-executive Directors are Dr. Wang David Nin-kou and Mr. Chiu Kwai San; and the independent non-executive Directors are Professor Chow Wai Shing, Tommy, Mr. Wu Wing Kuen, B.B.S. and Mr. Chan Chung Kik, Lewis.

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

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