Core Viewpoint - Huahong Semiconductor (01347.HK) has appointed Chuangsheng Financing Limited as an independent financial advisor in Hong Kong to provide opinions on the fairness and reasonableness of the proposed acquisition matters and related authorizations [1] Group 1 - The independent board committee has approved the appointment of Chuangsheng Financing Limited as the independent financial advisor [1] - The advisor will provide recommendations for voting at the shareholders' special meeting regarding the proposed acquisition matters [1] - The appointment is in accordance with the provisions of the Takeovers Code, specifically Article 2.1 [1]

Core Viewpoint - Huahong Semiconductor (01347) has appointed Chuangsheng Financing Limited as an independent financial advisor in Hong Kong to provide opinions on the fairness and reasonableness of the proposed acquisition matters and related authorizations [1] Group 1 - The appointment of Chuangsheng Financing Limited is in accordance with the Securities and Futures Ordinance, which regulates activities related to securities trading and corporate finance advisory [1] - The independent board committee has approved the appointment of Chuangsheng Financing Limited as the independent financial advisor [1] - The advisor will provide recommendations for voting at the shareholders' special meeting regarding the proposed acquisition matters [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告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告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。 本公告僅供參考，並不構成收購、購買或認購本公司任何證券的邀請或要約。 （於香港註冊成立的有限公司） HUA HONG SEMICONDUCTOR LIMITED （股份代號：01347） 華虹半導體有限公司 委任香港獨立財務顧問 獨立董事委員會、 收購守則獨立股東及建議收購事項上市規則獨立股東 之香港獨立財務顧問 茲提述華虹半導體有限公司（「本公司」）日期為二零二五年八月三十一日的公告 （「該公告」），內容有關（其中包括）建議收購事項、建議收購事項特別授權及清洗 豁免。除文義另有所指外，本公告所用詞彙與該公告所界定者具有相同涵義。 董事會謹此宣佈，創陞融資有限公司（根據證券及期貨條例從事第1類（證券交易） 及第6類（就企業融資提供意見）受規管活動的持牌法團）已獲本公司委任為香港獨 立財務顧問，以就建議收購事項、建議收購事項特別授權及清洗豁免是否屬公平 合理向獨立董事委員會、收購守則獨立股東及建議收購事項 ...

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告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告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。 本公告僅供參考，並不構成收購、購買或認購本公司任何證券的邀請或要約。 HUA HONG SEMICONDUCTOR LIMITED 華虹半導體有限公司 （於香港註冊成立的有限公司） （股份代號：01347） 委任香港獨立財務顧問 獨立董事委員會、 收購守則獨立股東及建議收購事項上市規則獨立股東 之香港獨立財務顧問 茲提述華虹半導體有限公司（「本公司」）日期為二零二五年八月三十一日的公告 （「該公告」），內容有關（其中包括）建議收購事項、建議收購事項特別授權及清洗 豁免。除文義另有所指外，本公告所用詞彙與該公告所界定者具有相同涵義。 董事會謹此宣佈，創陞融資有限公司（根據證券及期貨條例從事第1類（證券交易） 及第6類（就企業融資提供意見）受規管活動的持牌法團）已獲本公司委任為香港獨 立財務顧問，以就建議收購事項、建議收購事項特別授權及清洗豁免是否屬公平 合理向獨立董事委員會、收購守則獨立股東及建議收購事項 ...

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告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或因依 賴該等內容而引致的任何損失承擔任何責任。 本公告僅供參考，並不構成收購、購買或認購本公司證券的邀請或要約。 HUA HONG SEMICONDUCTOR LIMITED 華虹半導體有限公司 （於香港註冊成立之有限公司） （股份代號：01347） 延遲寄發通函 內容有關 (1)主要及關連交易－收購協議 由於需要更多時間落實建議收購事項的條款（包括但不限於補充協議）及擬備載 入通函的若干資料（包括但不限於(i)資產評估報告；及(ii)經擴大集團備考財務資 料）。因此，本公司已根據收購守則規則8.2向執行人員申請徵求執行人員同意將 寄發通函的截止時間延遲至二零二五年十二月三十一日或之前。執行人員已表示 願意批出有關同意。 本公司將適時刊發有關寄發通函時間的進一步公告。 警告 完成建議收購事項及建議非公開發行人民幣股份須待若干條件獲達成後方可作 實，且未必會進行。執行人員可能會也可能不會授出清洗豁免，清洗豁免倘獲授 出將分別受（其中包括）有關清洗豁免須 ...

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告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或因依 賴該等內容而引致的任何損失承擔任何責任。 本公告僅供參考，並不構成收購、購買或認購本公司證券的邀請或要約。 HUA HONG SEMICONDUCTOR LIMITED 華虹半導體有限公司 （於香港註冊成立之有限公司） （股份代號：01347） 延遲寄發通函 內容有關 (1)主要及關連交易－收購協議 (2)建議非公開發行人民幣股份以募集配套資金 延遲寄發通函 誠如該公告所披露，本公司通常須遵照上市規則的規定於刊發該公告後15個營業 日內、且須根據收購守則規則8.2的規定於該公告日期後21日內（就此而言，即 於二零二五年九月二十一日或之前）向股東寄發一份通函，當中載有（其中包括） (i)建議收購事項、建議非公開發行人民幣股份、特別授權及清洗豁免的進一步詳 情；(ii)獨立董事委員會致建議收購事項上市規則獨立股東及收購守則獨立股東之 函件，載有其對建議收購事項、建議收購事項特別授權及清洗豁免的推薦建議； (iii)獨立財務顧問致獨立董事委員會、收購 ...

Core Viewpoint - Huahong Semiconductor has experienced a significant stock price increase, reflecting strong market interest and performance in the semiconductor industry [1][2]. Group 1: Company Overview - Huahong Semiconductor, established on January 21, 2005, specializes in foundry services for specialty process wafers, including embedded/non-volatile memory, power devices, analog and power management, and logic/RF [1]. - The company primarily operates in the domestic market, with its main revenue sources being integrated circuit foundry services (94.60%), other services (4.78%), and rental income (0.62%) [1]. Group 2: Stock Performance - As of September 19, Huahong's stock price rose by 5.01% to 86.62 CNY per share, with a trading volume of 1.275 billion CNY and a turnover rate of 3.71%, leading to a total market capitalization of 150.166 billion CNY [1]. - The stock has seen a continuous increase over the past seven days, with a cumulative gain of 22.57% during this period [1]. Group 3: Fund Holdings - Bosera Fund's Bosera Sci-Tech 100 ETF (588030) holds a significant position in Huahong, with 2.51% of its net asset value invested, making it the third-largest holding [2]. - The fund has realized a floating profit of approximately 11.9713 million CNY today and 44.0301 million CNY during the seven-day increase [2]. Group 4: Fund Manager Performance - The fund manager of Bosera Sci-Tech 100 ETF, Tang Yibing, has a tenure of 3 years and 61 days, with the fund's total asset size at 9.874 billion CNY [3]. - During his tenure, the fund has achieved a best return of 85.84% and a worst return of -41.93% [3].

Market Overview - On September 18, Hong Kong's three major indices experienced a pullback, with the Hang Seng Index down 1.35% to 26,544.85 points, the Hang Seng Tech Index down 0.99% to 6,271.22 points, and the National Enterprises Index down 1.46% to 9,456.52 points. The tech sector saw a decline, while the semiconductor and robotics industries performed well, with Hua Hong Semiconductor rising over 8.5% and SMIC up over 2.5% [1] Southbound Capital - On September 18, southbound funds recorded a net inflow of HKD 62.88 billion, with Meituan, Alibaba, and Pop Mart receiving net purchases of HKD 14.12 billion, HKD 12.1 billion, and HKD 12.07 billion, respectively. Year-to-date, the cumulative net inflow of southbound funds has reached HKD 1,099.89 billion, significantly surpassing last year's total [2] U.S. Market Performance - U.S. stock indices reached new closing highs, with the Dow Jones up 0.27%, the S&P 500 up 0.48%, and the Nasdaq up 0.94%. Notable gains were seen in Caterpillar and NVIDIA, both rising over 3%. However, many Chinese concept stocks declined, with the Nasdaq Golden Dragon China Index down 1.79% [3] Key Developments 1. NVIDIA announced a USD 5 billion investment in Intel, purchasing shares at USD 23.28 each, a 6.5% discount to Intel's previous closing price [4] 2. At Huawei's Connect 2025 event, the company unveiled its Ascend chip roadmap, planning three series of chips through 2028, including the Ascend 950 series [4] 3. Kuaishou's Keling AI launched a new digital human feature, allowing users to create 1080p/48FPS videos from images and text or audio [4] Short Selling Data - On September 18, a total of 641 Hong Kong stocks were short-sold, with a total short-selling amount of HKD 37.879 billion. Alibaba, Baidu, and Tencent had the highest short-selling amounts, at HKD 47.94 billion, HKD 25.6 billion, and HKD 23.06 billion, respectively [5] Institutional Insights - Zheshang Securities highlighted the rapid development of AI applications in Hong Kong's internet sector, suggesting that the sector is at a historical low in valuation. The firm recommends focusing on leading internet companies with AI advancements, such as Alibaba, Baidu, and Tencent, as well as vertical application companies like Kuaishou and Meitu [6] Hong Kong ETFs - The Hong Kong Consumption ETF (513230) focuses on e-commerce and new consumption sectors, while the Hang Seng Tech Index ETF (513180) includes core AI assets and leading tech companies [7][8]

Company Movements - Nvidia will invest $5 billion in Intel at a price of $23.28 per share, establishing a partnership where Intel will customize x86 CPUs for Nvidia's AI infrastructure platform [5] - Huawei announced new product plans at the Huawei Connect 2025 event, including the Ascend 950PR chip expected in Q1 2026 and the Kunpeng 950 chip anticipated in Q4 2026 [6] - DeepSeek issued a statement warning against fraudsters impersonating the company for "computing power leasing" and "equity financing," emphasizing that all payments should be made through official channels [6] - Fulin Precision signed a prepayment agreement worth 1.5 billion yuan with CATL to secure lithium iron phosphate supply [6] - Shenzhen Huaqiang stated on an interactive platform that it provides electronic components to Yushu Technology [6] Investment News - On September 18, A-shares experienced volatility with the Shanghai Composite Index closing down 1.15% at 3,831.66 points, with a total market turnover of 3.17 trillion yuan [3] - The Hong Kong Hang Seng Index fell 1.35% to 26,544.85 points, with significant declines in cyclical stocks and financial sectors, while semiconductor and robotics sectors showed resilience [3] - The Shanghai Stock Exchange reported unusual trading activities in Tianpu Co., leading to regulatory measures against certain investors [3] - Goldman Sachs maintained an "overweight" rating on A-shares and H-shares, predicting an 8% and 3% upside respectively over the next 12 months [4] - As of September 17, the total scale of bond issuance by securities firms reached 1.14 trillion yuan, significantly higher than the 693.7 billion yuan in the same period last year [4]

Group 1: Investment Trends - Net purchases of Meituan reached HKD 14.12 billion, Alibaba HKD 12.1 billion, Pop Mart HKD 12.07 billion, Xiaomi HKD 6.6 billion, Hong Kong Broadband HKD 4.27 billion, and UBTECH HKD 1.71 billion [1] - Net sales included HKD 11.65 billion for Hua Hong Semiconductor, HKD 4.18 billion for Tencent, and HKD 2.77 billion for SMIC [1] - Southbound funds have continuously net purchased Alibaba for 20 days, totaling HKD 561.0089 billion, and Meituan for 4 days, totaling HKD 49.0023 billion [1] Group 2: Stock Performance - Alibaba's stock decreased by 2.0% with a net purchase of HKD 3.15 billion [4] - SMIC's stock increased by 2.7% with a net sale of HKD 3.95 billion [4] - Tencent's stock decreased by 3.0% with a net sale of HKD 9.40 billion [4] - Meituan's stock increased by 0.3% with a net purchase of HKD 5.68 billion [4] - Xiaomi's stock decreased by 1.7% with a net purchase of HKD 2.80 billion [4] - Hong Kong Broadband's stock surged by 68.6% with a net purchase of HKD 4.28 billion [4] - Pop Mart's stock increased by 4.6% with a net purchase of HKD 7.43 billion [4] Group 3: Company Insights - Goldman Sachs raised Alibaba's cloud valuation from USD 36 to USD 43 per ADS, with an expected annual growth rate of 30% to 32% for fiscal year 2026 [5] - Alibaba's 12-month target price was increased from USD 163 to USD 179, and the Hong Kong target price from HKD 158 to HKD 174, maintaining a "Buy" rating [5] - Morgan Stanley noted a cautious market sentiment towards Pop Mart but believes in its strong demand driven by a growing customer base and a differentiated business model [5] - Xiaomi's chairman Lei Jun announced that the Xiaomi 17 series will feature significant upgrades to compete directly with the iPhone, with R&D investment increasing from RMB 100 billion to RMB 200 billion over the next five years [6]