The board of directors of HG Semiconductor Limited announced that Mr. Chan Wing Kin, has tendered his resignation as the company secretary of the Company, an authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities of The Stock Exchange of Hong Kong Limited and an authorised representative of the Company for accepting service of process or notices in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) with effect from 1 May 2023. Mr. W.K. Chan has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the Stock Exchange or the shareholders of the Company. The Board further announced that Mr. Chan Tsang Mo has been appointed as the Company Secretary and an Authorised Representative with effect from 1 May 2023.

The biographical details of Mr. T.M. Chan are as follows: Mr. Chan Tsang Mo, aged 38, has over 16 years of finance, accounting and treasury experience. He assumed various positions in professional accounting and financial firms including as an auditor of Ronald Ng & Co Limited from June 2006 to January 2008, as a senior auditor of BDO Limited from January 2008 to December 2009, as a senior auditor of RSM Nelson Wheeler from December 2009 to January 2011, as a supervisor in the corporate services division of Intertrust Resources Management Limited from June 2011 to June 2013, and as an accounting manager of Reignwood International Investment (Group) Co. Ltd. from October 2013 to April 2016.

Since October 2017, he has been the director of Morton Professional Services Limited and is responsible for advising on company formation, business establishments and legal compliance related matters. Mr. T.M. Chan is a member of The Hong Kong Institute of Certified Public Accountants and holds a degree in Bachelor of Business Administration in Accounting from the City University of Hong Kong. Mr. T.M. Chan is currently an independent non-executive director of (i) Geotech Holdings Ltd.; (ii) Hong Wei (Asia) Holdings Company Limited and (iii) Sing Lee Software (Group) Limited.

Mr. T.M. Chan is also currently the company secretary and authorised representative of (i) China International Development Corporation Limited (formerly known as Ascent International Holdings Limited) and (ii) Yues International Holdings Group Limited.