Financial Performance - Revenue for the year ended December 31, 2025, was RMB 97,759,000, an increase of 29.9% compared to RMB 75,282,000 in 2024[2] - Cost of sales increased by 38.3% to RMB (93,347,000) from RMB (67,491,000), resulting in a gross profit of RMB 4,412,000, down 43.4% from RMB 7,791,000[2] - Loss before tax decreased by 24.9% to RMB (134,007,000) from RMB (178,477,000) in the previous year[2] - Net loss for the year was RMB (134,016,000), a reduction of 26.8% compared to RMB (183,076,000) in 2024[2] - Basic and diluted loss per share improved to RMB (0.1221) from RMB (0.1960), reflecting a 37.7% decrease in loss per share[4] - The total loss before income tax for the fiscal year 2025 was RMB 134,007 thousand, compared to a loss of RMB 178,477 thousand in the fiscal year 2024[18] - The company reported a net loss attributable to shareholders of RMB (112,892,000) in 2025 compared to RMB (156,819,000) in 2024, indicating an improvement in loss of about 28%[29] - The company recorded a loss of approximately RMB 134.0 million for the year, an improvement from a loss of RMB 183.1 million the previous year, mainly due to reduced impairment losses[63] Assets and Liabilities - Total assets decreased by 11.4% to RMB 558,076,000 from RMB 629,614,000[2] - Total equity decreased by 12.6% to RMB 504,761,000 from RMB 577,789,000[6] - Total liabilities increased from RMB (51,825,000) in 2024 to RMB (53,315,000) in 2025, an increase of about 2.9%[19] - Trade receivables amounted to RMB 55,671,000 in 2025, an increase from RMB 54,267,000 in 2024, while notes receivable decreased to RMB 6,929,000 from RMB 12,975,000[31] - The total accounts payable decreased to RMB 15,158,000 in 2025 from RMB 19,347,000 in 2024, with a notable increase in amounts payable within 0 to 30 days to RMB 13,981,000 from RMB 7,364,000[35] Revenue Breakdown - Total revenue for the fiscal year 2025 reached RMB 97,759 thousand, with LED products contributing RMB 68,167 thousand and GaN and other semiconductor products contributing RMB 29,592 thousand[18] - Revenue from LED sales decreased from RMB 73,922,000 in 2024 to RMB 68,167,000 in 2025, a decline of approximately 7.5%[23] - Revenue from GaN and fast charging products surged from RMB 1,360,000 in 2024 to RMB 29,592,000 in 2025, representing a significant increase of over 2,000%[23] - Revenue from LED products was approximately RMB 68.2 million, accounting for about 69.7% of total revenue, a decrease from 98.2% the previous year due to weak consumer sentiment and declining sales[52] - Revenue from GaN and other semiconductor products was approximately RMB 29.6 million, representing about 30.3% of total revenue, a significant increase from 1.8% the previous year due to increased production and sales[53] Research and Development - Research and development costs rose from RMB 23,961,000 in 2024 to RMB 37,936,000 in 2025, an increase of approximately 58%[24] - Administrative expenses for the fiscal year 2025 amounted to RMB 49,056 thousand, an increase from RMB 29,491 thousand in the previous year[18] - The company plans to use the proceeds from the rights issue to enhance R&D capabilities for LED and related semiconductor products, including establishing R&D centers and acquiring equipment[38] Market and Industry Trends - The global semiconductor market is projected to grow over 25% to reach USD 975 billion by 2025, driven by demand in data centers and AI applications[44] - The demand for GaN power devices is expected to grow from USD 46 million in 2020 to USD 1.1 billion by 2026, with a compound annual growth rate of 70%[49] - The semiconductor industry in China is experiencing rapid growth, with significant investments in R&D to overcome international restrictions[45] - The LED lighting industry is facing challenges due to a sluggish real estate market and weak consumer electronics demand[43] Corporate Governance and Compliance - The company has adopted corporate governance practices in compliance with the listing rules and has confirmed adherence to these practices during the year[92] - The group's financial statements for the year have been verified by the auditor, confirming consistency with the audited consolidated financial statements[95] - The board of directors includes Dr. Xu Zhihong, Mr. Zhao Yiwen, and Mr. Li Yang as executive directors[95] - Independent non-executive directors include Mr. Zou Haiyan, Ms. Xiao Miaowen, and Ms. Liu Wanwen[95] Capital and Investments - The company raised approximately HKD 90.1 million through a rights issue, issuing 187,763,696 shares at a subscription price of HKD 0.48 per share, with net proceeds of about HKD 87.8 million[38] - The company entered into agreements to acquire 100% of the issued share capital of Join Gain and Red Mont, with total consideration of HKD 73,388,000 and HKD 40,816,000 respectively[39] - The company has agreed to acquire a total of 12.98% equity in Shenzhen Gan Hong, with a total consideration of HKD 114,204,000 (approximately USD 14.6 million) for the acquisitions[81] Employee and Operational Metrics - The company employed 162 employees as of December 31, 2025, with total employee costs amounting to approximately RMB 51.9 million, a decrease from RMB 59.4 million in the previous year[87] - The company does not recommend the payment of a final dividend for the year to align with future business development[65]

HG SEMICONDUCTOR LIMITED 宏 光 半 導 體 有 限 公 司 （ 於開曼群島註冊成立的有限公司） （股份代號：6908） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示，概不對因本公佈全部或任何部份內容而產生或因倚賴該等內容而引致的任何損 失承擔任何責任。 宏 光半 導 體 有限 公 司（「本 公 司」， 之 董事（「 董 事」）會（「 董 事會」）特 此宣 佈 ，將 於 二零 二 六 年三月三十一日（ 星期二 ）舉行董事會會議，藉以考慮及批准（ 其中包括 ）本公司及其附屬公 司 截 至 二 零 二 五 年 十 二 月 三 十 一 日 止 年 度 之 經 審 計 合 併 財 務 業 績 及 審 議 派 發 全 年 股 息（ 如 有）。 承董事會命 宏光半導體有限公司 主席兼執行董事 徐志宏 香港，二零二六年三月十九日 於本公佈日期，執行董事為徐志宏博士、趙奕文先生及李陽先生；獨立非執行董事為鄒海燕先生、蕭妙文先 生，MH及劉皖文女士。 本公佈中英文版本如有任何歧義，概以英文版本為準。 董事會會議通告 ...

Market Performance - The Hang Seng Index rose over 1% and the Hang Seng Tech Index increased by more than 2% as of the midday close on March 16 [1] - The Hang Seng Index closed at 25,756.27, up by 290.67 points (1.14%), while the Hang Seng Tech Index reached 5,089.53, gaining 111.45 points (2.24%) [2] Sector Highlights - Technology stocks showed strong performance, with BYD Co. and NIO both rising over 5%, while Xiaomi Group and JD Health increased nearly 5% [2] - Tencent Music rose over 4%, and Tencent Holdings, JD Group, and Trip.com increased by more than 2% [2] - Alibaba and Baidu also saw their stock prices rise [2] Semiconductor Sector - The semiconductor sector experienced significant gains, with Zhaoyi Innovation rising over 10% and Hua Hong Semiconductor increasing by 5.28% [3][4] - Other notable performers included Horizon Robotics and Hongguang Semiconductor, both rising over 3% [3] Precious Metals Sector - The precious metals sector was underperforming, with Chifeng Jilong Gold Mining falling nearly 7% and Shandong Gold dropping close to 6% [5][6] - Other companies in the sector, such as Lingbao Gold and China Gold International, also saw declines exceeding 5% [5]

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年2月28日 狀態: 新提交 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06908 | 說明 | 普通股 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 1,173,666,981 | | 0 | | 1,173,666,981 | | 增加 / 減少 (-) | | | | | | | | | 本月底結存 | | | 1,173,666,981 | | 0 | | 1,173,666,981 | 致：香港交易及結算所有限公司 公司名稱: 宏光半導體有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2026年3月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 ...

（股份代號：6908） 完成須予披露及關連交易 謹此提述宏光半導體有限公司（「本公司」）日期為二零二六年一月七日的通函（「該通函」）及 本 公 司 日 期 為 二 零 二 六 年 一 月 二 十 二 日 及 二 零 二 六 年 一 月 二 十 九 日 的 公 佈 ， 內 容 有 關（ 其 中 包 括 ）該 等 協 議 及 其 項 下 擬 進 行 的 交 易 以 及 授 出 特 別 授 權 。 除 本 公 佈 另 有 說 明 外 ， 本 公 佈所用詞彙與該通函所界定者具有相同涵義。 完成協議B 董事會欣然宣佈，協議B所載之所有先決條件已獲達成，且完成B於二零二六年二月十日落 實。於完成B落實後，本公司擁有目標公司B全部已發行股本，而目標公司B持有深圳鎵宏 約4.64%股權。因此，目標公司B的財務業績將併入本公司的財務報表，而深圳鎵宏由本集 團 、 員 工 持 股 平 台 、 台 州 匯 融 嘉 能 友 創 投 資 及 Orchid Enterprises 分 別 擁 有 約 73.28% 、 19.49%、5.10%及2.13%權益，故此深圳鎵宏仍為本公司之間接非全資附屬公司。 香港交易及結算所有限公司及香港聯 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06908 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | 本月底法定/註冊股本總額： HKD 100,000,000 致：香港交易及結算所有限公司 公司名稱: 宏光半導體有限公司 (於開曼群島註冊 ...

Core Viewpoint - Macro Semiconductor (06908) announced that all conditions precedent of Agreement A have been fulfilled, and the completion of Agreement A is set for January 29, 2026, which will result in the company owning 100% of the issued share capital of Target Company A [1] Group 1 - Following the completion of Agreement A, the financial performance of Target Company A will be consolidated into the financial statements of Macro Semiconductor [1] - Target Company A holds approximately 8.34% equity in Shenzhen Gallium Hong, which will remain an indirect non-wholly owned subsidiary of Macro Semiconductor [1] - The ownership structure of Shenzhen Gallium Hong includes approximately 68.64% by Macro Semiconductor, 19.49% by an employee shareholding platform, 4.64% by Target Company B, 5.10% by Taizhou Huirong Jianeng Youchuang Investment, and 2.13% by Orchid Enterprises [1] Group 2 - To satisfy the payment for Agreement A, Macro Semiconductor has issued and allotted 147 million consideration shares at an issue price of HKD 0.50 per share to Seller A1, as per Seller A's instructions [1]

Core Viewpoint - Macro Semiconductor (06908) announced that all conditions precedent of Agreement A have been fulfilled, and the completion of Agreement A is set for January 29, 2026, which will result in the company owning 100% of the issued share capital of Target Company A [1] Group 1 - Upon completion of Agreement A, the financial performance of Target Company A will be consolidated into the financial statements of Macro Semiconductor [1] - Target Company A holds approximately 8.34% equity in Shenzhen Gallium Macro, which will remain an indirect non-wholly owned subsidiary of Macro Semiconductor [1] - The equity ownership of Shenzhen Gallium Macro is distributed among Macro Semiconductor (approximately 68.64%), employee shareholding platform (19.49%), Target Company B (4.64%), Taizhou Huirong Jianeng Youchuang Investment (5.10%), and Orchid Enterprises (2.13%) [1] Group 2 - To settle the consideration for Agreement A, Macro Semiconductor has issued 147 million consideration shares at an issue price of HKD 0.50 per share to Seller A1, as per Seller A's instructions [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示，概不對因本公佈全部或任何部份內容而產生或因倚賴該等內容而引致的任何損 失承擔任何責任。 為根據協議A支付代價A，本公司已按發行價每股代價股份0.50港元向賣方A1（ 根據賣方A 的指示）配發及發行146,776,000股代價股份。 – 1 – HG SEMICONDUCTOR LIMITED 宏 光 半 導 體 有 限 公 司 （ 於開曼群島註冊成立的有限公司） （股份代號：6908） 完成須予披露及關連交易 謹此提述宏光半導體有限公司（「本公司」）日期為二零二六年一月七日的通函（「該通函」）及 本公司日期為二零二六年一月二十二日的投票結果公佈（「該公佈」），內容有關（ 其中包括 ） 該等協議及其項下擬進行的交易以及授出特別授權。除本公佈另有說明外，本公佈所用詞 彙與該通函中所界定者具有相同涵義。 完成協議A 董事會欣然宣佈協議A所載之所有先決條件已獲達成，且完成A於二零二六年一月二十九日 落實。於完成A落實後，本公司擁有目標公司A全部已發行股本，而目標公司A持有深圳鎵 宏約8.34%股權 ...

Core Viewpoint - MacroLight Semiconductor (06908) announced the issuance of a total of 88.0725 million shares on January 29, 2026, under the company's share incentive plan [1] - The company will allocate 147 million new shares on January 29, 2026, according to an agreement signed on December 1, 2025 [1] Summary by Category - **Share Issuance** - The company plans to issue 88.0725 million shares as part of its share incentive plan [1] - A total of 147 million new shares will be allocated on January 29, 2026 [1] - **Agreements** - The share allocation is based on an agreement signed on December 1, 2025 [1]