Hua Hong Semiconductor updates on acquisition and RMB share issuance

Hua Hong Semiconductor Limited announced on November 16, 2025, that it is still negotiating the terms of a proposed acquisition, including a supplemental agreement and the valuation of target assets. This update follows previous announcements from August 31, September 19, and October 16, 2025, regarding the proposed acquisition, a proposed non-public issuance of RMB shares, and an application for a whitewash waiver.

The company and its advisers are actively preparing the circular, which will include critical information such as the asset valuation report, pro-forma financial information for the enlarged group, financial information of the target company, and a letter from the Hong Kong independent financial adviser. Further announcements will be made concerning the acquisition's status, progress, and the circular's dispatch timing.

The completion of the proposed acquisition and the proposed non-public issuance of RMB shares remains subject to various conditions, including shareholder approvals for the whitewash waiver and the acquisition itself. Shareholders and potential investors are advised to exercise caution when trading the company's securities.