HG Semiconductor Limited has proposed a comprehensive update to its Memorandum and Articles of Association aimed at modernising corporate processes and aligning with the latest regulatory framework.

Key changes outlined by the Board include:

1. Paperless Governance: Adoption of hybrid and fully electronic general meetings, coupled with electronic voting, to enhance participation efficiency.

2. Regulatory Compliance: Updates to meet new Hong Kong Listing Rules covering electronic shareholder instructions, digital payment of corporate-action proceeds and electronic subscription monies.

3. Treasury Shares Framework: Introduction of provisions permitting the company to hold and dispose of its own shares as treasury stock.

4. Uncertificated Securities Readiness: Structural adjustments to facilitate the forthcoming uncertificated securities market regime.

The amendments will be tabled as a special resolution at the annual general meeting scheduled for 27 May 2026. A detailed circular, including the full text of the revised charter and the AGM notice, will be dispatched to shareholders in due course.

The Board—comprising Executive Directors Dr. Xu Zhihong (Chairman), Mr. Zhao Yi Wen and Mr. Li Yang, together with Independent Non-Executive Directors Mr. Zou Haiyan, Mr. Siu Miu Man, Simon, MH, and Ms. Liu Wanwen—approved the proposal on 29 April 2026.