Hua Hong Semiconductor announces director re-elections and share mandates

Hua Hong Semiconductor has announced its upcoming annual general meeting on May 8, 2025, where shareholders will vote on key resolutions including the re-election of retiring directors Jun Ye, Guodong Sun, Stephen Tso Tung Chang, Peng Bai, and Bo Chen. The board is proposing no profit distribution for the year ended December 31, 2024, to retain funds for operational needs and expansion. Shareholders will also consider granting general mandates to the directors to repurchase up to 10% of the issued Hong Kong Shares and to issue additional Shares not exceeding 20% of issued Hong Kong Shares and RMB Shares. The company is also proposing amendments to its articles of association to align with recent changes to the Hong Kong Listing Rules and the Companies Ordinance, including provisions for treasury shares. The company held 1,317,904,069 Hong Kong Shares and 407,750,000 RMB Shares as of March 31, 2025.