HG Semiconductor Limited — Share Issue/Capital Change 2024

Nov 29, 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.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities of the Company.

HG SEMICONDUCTOR LIMITED

宏光半導體有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 6908)

REVISED TIMETABLE IN RELATION TO THE PROPOSED RIGHTS ISSUE ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY FOUR (4) SHARES HELD ON THE RECORD DATE

Reference is made to the announcements (the "Announcements") of HG Semiconductor Limited (the "Company") dated 12 November 2024 and 15 November 2024 in relation to, among others, the Rights Issue on the basis of one (1) Rights Share for every four (4) Shares held on the Record Date and the Change in Board Lot Size. Unless otherwise specified, capitalised terms used herein shall have the same meanings as those defined in the Announcements.

REVISED EXPECTED TIMETABLE

As additional time is required by the Company to finalise the financial information to be included in the Prospectus, the expected timetable for the Rights Issue and the Placing is therefore revised. Set out below is the revised expected timetable for the implementation of the Rights Issue and the Placing.

Event	Hong Kong Time
Last day of dealings in the Shares on a cum-entitlement basis	Tuesday, 17 December 2024
First day of dealings in the Shares on an ex-entitlement basis	Wednesday, 18 December 2024
Latest time for the Shareholders to lodge transfers of the Shares in order to be qualified for the Rights Issue	4:30 p.m. on Thursday, 19 December 2024
Closure of register of members to determine the entitlements to the Rights Issue	Friday, 20 December 2024 to Monday, 30 December 2024 (both days inclusive)

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Event

Hong Kong Time

Record Date for the Rights Issue
Monday, 30 December 2024

Re-opening of the register of members of the Company
Tuesday, 31 December 2024

Despatch of Prospectus Documents (including the PAL and the Prospectus; in the case of the Non-Qualifying Shareholders, the Prospectus only)
Tuesday, 31 December 2024

Effective date of change in board lot size from 1,000 Shares to 5,000 Shares
Tuesday, 31 December 2024

Designated broker starts to stand in the market to provide matching services for odd lots of Shares
9:00 a.m. on
Tuesday, 31 December 2024

First day of dealings in nil-paid Rights Shares in the board lot size of 5,000 Rights Shares
Friday, 3 January 2025

Latest time for splitting nil-paid Rights Shares
4:30 p.m. on
Tuesday, 7 January 2025

Last day of dealings in nil-paid Rights Shares in the board lot size of 5,000 Rights Shares
Friday, 10 January 2025

Latest time for lodging transfer documents of nil-paid Rights Shares in order to qualify for the payment of Net Gain
4:00 p.m. on
Thursday, 15 January 2025

Latest time for acceptance of and payment for the Rights Shares
4:00 p.m. on
Thursday, 15 January 2025

Designated broker ceases to stand in the market to provide matching services for odd lots of Shares
4:00 p.m. on
Tuesday, 21 January 2025

Announcement of the number of the Unsubscribed Rights Shares and NQS Unsold Shares subject to the Placing
Wednesday, 22 January 2025

Commencement of the Placing (if there are any Unsubscribed Rights Shares and NQS Unsold Shares available), on best effort basis
Thursday, 23 January 2025

Latest time for placing the Unsubscribed Rights Shares and the NQS Unsold Rights Shares by the Placing Agent
6:00 p.m. on
Tuesday, 4 February 2025

Latest Time for the termination of the Placing Agreement
4:00 p.m. on
Wednesday, 5 February 2025

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Event

Hong Kong Time

Announcement of the results of the Rights Issue
(including the results of the Placing and the Net Gain)

Thursday, 6 February 2025

Despatch of share certificates for the Rights Shares
and/or refund cheques (if the Rights Issue is terminated)

Friday, 7 February 2025

Commencement of dealings in the fully-paid Rights Shares

9:00 a.m. on
Monday, 10 February 2025

Payment of Net Gain to relevant No Action Shareholders (if any)

Tuesday, 18 February 2025

Any change to the expected timetable will be announced in a separate announcement by the Company as and when appropriate. All times and dates in this announcement refer to the Hong Kong local times and dates.

By order of the Board
HG Semiconductor Limited
Dr. Xu Zhihong
Chairman and Executive Director

Hong Kong, 29 November 2024

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

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