HG SEMI (06908) completes the issuance of 147 million shares of consideration shares.

HG SEMI (06908) announced that the board of directors is pleased to announce that all the pre-conditions set out in Agreement A have been met, and Agreement A will be implemented on January 29, 2026. Upon the implementation of Agreement A, the Company will own all the issued share capital of Target Company A, with Target Company A holding approximately 8.34% of the shares of Shenzhen Gallium. As a result, the financial performance of Target Company A will be consolidated into the Company's financial statements, and Shenzhen Gallium is still an indirect non-wholly owned subsidiary of the Company, with the Group, the Employee Share Ownership Platform, Target Company B, Taizhou Huirong Jianeng Investment, and Orchid Enterprises holding approximately 68.64%, 19.49%, 4.64%, 5.10%, and 2.13% equity respectively. To pay the consideration for Agreement A, the Company has issued and allotted 147 million consideration shares at HK$0.50 per share to Seller A1 (as instructed by Seller A) in accordance with the issuance price per share.