Hua Hong Grace Semiconductor (01347): Controlling subsidiary intends to publicly list for sale 100% equity interest in Huahong Real Estate and related creditor's rights

Hua Hong Grace Semiconductor (01347) announced that, in order to revitalize idle stock assets, optimize resource allocation, and improve asset operating efficiency, the company intends to push its controlling subsidiary Hua Hong Semiconductor (Wuxi) Co., Ltd. to publicly list for transfer on the Shanghai United Assets and Equity Exchange its 100% equity interest in Huahong Real Estate and related creditor's rights. The related creditor's rights include the creditor's rights confirmed by audit as of the valuation base date and newly added creditor's rights after the valuation base date. The initial listing price shall be no lower than the corresponding appraised value filed with Shanghai Hua Hong (Group) Co., Ltd., and the final transaction price shall be subject to the result of the public listing. It is understood that Huahong Real Estate (Wuxi) Co., Ltd. is a wholly-owned subsidiary of Hua Hong Semiconductor (Wuxi) Co., Ltd. and was established for the development and construction of industrial supporting facilities and talent housing projects for the Wuxi base. As of December 31, 2025, the residential commodity housing of Huahong Real Estate had not yet achieved sales, and the occupancy rate of its commercial office buildings was relatively low.