Hongguang Semiconductor: Acquires approximately 12.98% equity of Shenzhen Jiahong.

On the morning of December 2nd, Hongguang Semiconductor announced on the Hong Kong Stock Exchange that on December 1st, the company entered into Agreement A with Seller A, under which Seller A conditionally agreed to sell and the company conditionally agreed to purchase the shares to be sold A for a total consideration of 73,388,000 Hong Kong dollars; the company also entered into Agreement B with Seller B, under which Seller B conditionally agreed to sell and the company conditionally agreed to purchase the shares to be sold B for a total consideration of 40,816,000 Hong Kong dollars. The consideration for A will be paid by the company through issuing and distributing a total of 146,776,000 shares to Seller A and/or their respective nominees as fully-paid consideration shares, while the consideration for B will be paid by the company through issuing promissory notes to Seller B.