Hua Hong Semiconductor Limited (01347) announced on 16 November 2025 that it remains in negotiations regarding key terms of its Proposed Acquisition. These efforts include finalizing a Supplemental Agreement and the valuation of the target assets. The company is also in the process of compiling detailed materials for a forthcoming Circular, such as an Asset Valuation Report, pro-forma financial information for the enlarged group, financial statements of the Target Company, and a letter from the Hong Kong Independent Financial Adviser.

The company reiterated that completion of the Proposed Acquisition and the Proposed Non-public Issuance of RMB Shares is contingent upon fulfillment of certain conditions, including approval of the Whitewash Waiver. Shareholders and potential investors are advised to remain cautious in their dealings, as the Proposed Acquisition and related transactions may or may not proceed. Further announcements will be made in compliance with relevant regulations and codes.