HONG KONG, Jun 23, 2022 – (ACN Newswire) – The world's largest manufacturer of vaping device – SMOORE International Holdings Limited ("SMOORE" or the "Company", collectively referred to as the "Group" with its subsidiaries, stock code: 6969.HK) announced its recognition as the "Most Honored Company" and the third place in the consumer sector among 138 nominated consumer companies in the 2022 Asia (ex-Japan) Executive Team Ranking, which was released by Institutional Investor, a prominent financial magazine worldwide. SMOORE also won several awards in categories, including No.2 in Best ESG, No.3 in Best CFO, No.2 in Best IR Program, and No.2 in Best IR Professional.

Institutional Investor was founded by Gilbert E.Kaplan in New York in 1967. It is a world leader in corporate governance and IR research. Institutional Investor LLC is part of the Euromoney Institutional Investor PLC Group, which is listed on the London Stock Exchange and a member of the FTSE 250 share index. For over 50 years, Institutional Investor has recognized people and firms for excellence. Every year, buy-side analysts, portfolio managers and sell-side analysts from global top financial institutions are invited to rank the best performing public companies in corporate governance and investor relations management. The integrity of Institutional Investor's rankings and awards have earned the highest regard in the industry. Each result release is heatedly discussed by the capital market as influential references. In the 2022 ranking, 5,524 buy-side analysts and sell-side analysts gauged a total of 1,612 nominated public companies of 18 sectors regarding core dimensions, such as financial information disclosure, corporate governance and investor relations. In total, 46 companies were granted the coveted Most Honored Company recognition.

Since its listing in 2020, SMOORE highly values IR management. The Company is committed to efficient and smooth communication with the capital market through professional, timely and comprehensive communication and disclosure. During the pandemic, SMOORE manages to keep effective communication through various ways such as earnings release, brokerage strategy conferences, reverse roadshows, regular investor meetings and product launches, which is highly recognized by the capital market.

In addition, SMOORE continues to reinforce its ESG strategy and position sustainable development as an important part of daily operation and business decision-making. SMOORE was rated as A-level in MSCI ESG Indexes in January 2021, which is maintained in the latest edition. Winning the title as "Best ESG" of Institutional Investor is an important recognition of SMOORE's practices in sustainable development, social responsibility and corporate governance. In 2021, SMOORE reduced the greenhouse gas emission intensity and water consumption intensity by 16% and 9.4% respectively on a year-on-year basis. As SMOORE strives for "zero-carbon enterprise", the Company set four major goals: carbon neutrality in scope 1 & 2 by 2050, 30% of total energy consumption from renewable sources by 2030, properly dispose of waste and encourage recycling, make full use of water resources to reduce water consumption. Moreover, in the past few years, the Company has been proactive in all kinds of community activities, including youth education and development, flood relief, community engagement, poverty alleviation and pandemic control. The Group invested over CNY 11.3 million in public welfare activities in 2021, with employees participating in volunteer work for more than 500 hours, and a total of over 3.46 million training hours.

Chen Zhiping, Chairman and Chief Executive Officer of SMOORE, says "the wining of multiple important awards from Institutional Investor is a recognition of SMOORE's business performance, corporate governance, ESG and IR. Going forward, SMOORE will keep acting proactively in IR management and perform better. We will continue to adhere to the strategy of long-termism and technological leadership, focusing on building the world's leading vaping technology platform and creating long-term value for customers, partners, employees, shareholders and the society."

About SMOORE
Founded in 2006, SMOORE is a global leader in atomization technology solutions, covering reduced-risk products, medical, pharmaceutical, and beauty atomization technologies.

With inter disciplinary atomization research and a diverse product portfolio, SMOORE is committed to becoming anadvanced platform, aspired to make life better. According to Frost & Sullivan, SMOORE is the world's No.1 in the vaping device market with 22.8% global market share in 2021.


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HONG KONG, Jun 7, 2022 – (ACN Newswire) – HG Semiconductor Limited ("HG Semiconductor", together with its subsidiaries, "the Group"; stock code: 6908.HK) is pleased to announce that two of the shareholders of the Group, including major shareholder GSR Capital Special Opportunity Fund L.P. ("GSR Capital") and strategic shareholder Great Ocean Prime Holding Limited ("Great Ocean"), have voluntarily decided not to sell the Group's shares held before May 2024. Moreover, in respect of the 24,000,000 Shares currently held by Great Ocean, Great Ocean has voluntarily decided to use 8,000,000 Shares each year in 2022 and 2023 to award and motivate core management members of the Group. The initiative is the evidence of the shareholders' confidence in the long-term value and business development of the Group.

GSR, one of the major shareholders of the Group, is an exempted limited partnership which holds 56,000,000 shares of the Group; while the total capital injection of GSR is 50% each held by GoldenSand Capital Ltd (a company which is wholly owned by Mr. Sonny Wu and being the general partner of GSR) and Mr. Sonny Wu (being the limited partner of GSR, as well as the chairman of the Global Strategic Advisory Committee and a core management member of the Group) respectively.

In view of the strong potential of third-generation semiconductor gallium nitride (GaN) and its vast number of applications, HG Semiconductor, with its extensive experience in LED manufacturing, has been striving to seize the opportunities and accelerate business expansion to design, development, manufacturing, subcontracting and sales of GaN related products in recent years. The Group has actively entered into strategic cooperation with several third-generation semiconductor companies and invested in a number of leading firms to accelerate breakthroughs in core technologies, in addition to successfully invite a number of senior semiconductor experts to join the team, in order to strengthen and promote the development of its GaN business. The Group has entered into cooperation with China Titans Energy earlier for promoting fast charging pile technology and product sales in China and Hong Kong to develop the fast-charging field in the new energy ecosystem.

The management of the Group is grateful to have the strong support from GSR Capital and Great Ocean. Their decision is a clear signal of the great trust and a strong vote of confidence in the Group's solid business strategies and development. With the tremendous opportunities and market demand in the semiconductor industry, as well as the support of national policies, the Group is determined to develop itself as a pioneer integrated device manufacturer (IDM) in semiconductor that spans the whole industry chain, including R&D, manufacturing, packaging and packaging testing, and sales. HG Semiconductor will continue to actively pursue set business strategies to capture market opportunities, with an aim of enhancing stakeholder value, achieving long term sustainable growth and delivering satisfactory returns to its shareholders.

About HG Semiconductor Limited
HG Semiconductor Limited (6908.HK) is principally engaged in semiconductor product business in China, including the design, development, manufacturing, subcontracting services and sales of light-emitting diode ("LED") beads, new generation of semiconductor gallium nitride ("GaN") chips, GaN components and related application products, as well as fast charging products. Leveraging its industry expertise in LED manufacturing, the Group is dedicated to accelerating its research and development and expansion in the application of GaN related products, with an aim to become a leading semiconductor company with the integration of design, manufacturing and sales of semiconductor chips, as well as providing total solutions with higher efficiency and competitive system cost.

For more details, please visit www.hg-semiconductor.com


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HONG KONG, Jun 2, 2022 – (ACN Newswire) – HG Semiconductor Limited ("HG Semiconductor", together with its subsidiaries, "the Group"; stock code: 6908.HK) is pleased to announce that the Group entered into a cooperation framework agreement ("Cooperation Framework Agreement") with China Titans Energy Technology Group Co., Limited ("China Titans Energy"; Stock Code: 2188.HK) on 31 May 2022, to commence a three-year strategic cooperation.

China Titans Energy focuses on the development of power electronics, aiming to use advanced technology of power electronics and automation control to address the needs of power transformation, supervision, controlling, optimisation, energy saving and new energy utilization. Pursuant to the Cooperation Framework Agreement, the Group and China Titans Energy intend to cooperate on fast charging pile technology promotion and product sales in Mainland China and Hong Kong, to promote complementarity between the strength of both parties in their respective business areas:

i) China Titans Energy will provide support for the Group to build advanced fast charging pile products, run fast charging pile services in Hong Kong and jointly launch fast charging system solutions. Both parties will leverage on the unique advantage of the Group in being in cooperation with a statutory body in Hong Kong, to jointly promote the development of the Hong Kong smart city and provide upgrade to the electric vehicles and charging facilities in Hong Kong, so as to achieve the international standard of 400 kilowatts direct current charging, data on cloud, safety monitoring etc for smart management. The new energy fast charging solution is expected to become a pioneer solution in Hong Kong and will help to create new local business model and investment opportunities, such as constructing vehicle-to-grid (V2G) energy network, distributed energy storage and grid-level direct current electrical substation;

ii) both parties will cooperate in research and development of the new generation fast charging piles using the third-generation semiconductor technology provided by the Group; and

iii) HG Semiconductor will engage China Titans Energy for the manufacture of, and supply the Group's customers in Mainland China and Hong Kong with, the new generation fast charging piles under the brand of the Group.

The "New-Energy Vehicle Industry Development Plan for 2021-2035" under the Fourteen Five-Year Plan of China has deployed five strategic tasks, including i) improving technological innovation capability, ii) constructing a new industrial ecology, iii) promoting industrial integration development, iv) improving the infrastructure system, and v) deepening open cooperation; at the same time the development plan explicitly pointed out the necessity of establishing a technological innovation system with enterprises as the main body, strengthening the infrastructure such as charging and replacing, while the battery management system and batteries are also recognized as one of the key development technologies. Meanwhile, the Hong Kong government also announced the roadmap for the popularization of electric vehicles, aiming to achieve zero emissions for all vehicles by 2050, so that Hong Kong can move towards the vision of zero carbon emissions, clean air and smart city in an orderly manner. In recent years, Hong Kong government has been actively promoting "re-industrialisation" and the development of advanced manufacturing industries based on new technologies and intelligent production, which has injected a steady stream of impetus into the development of the third-generation GaN business in the city.

The management of the Group is delighted to have China Titans Energy as its strategic partner to advance the re-industrialisation of Hong Kong's next generation semiconductor industry and the development and construction of smart cities in Hong Kong. The Group has obtained six fast-charging battery system patents in 2021 for charging stations, charging conversion systems, charging modules and fast-charging equipment for electric vehicle charging stations. The Cooperation marks the gradual progress of HG Semiconductor towards the goal of harvesting, providing the Group with the opportunity to commercialize its fast charging battery products under its own brand in Mainland China and Hong Kong, and accelerating the pace of achieving production capacity. With the growing popularity of electric vehicles in Mainland China and Hong Kong, there is a promising business prospect for the development and commercialization of next-generation charging piles in both places. The Group will strive to explore opportunities of establishing a business presence in Hong Kong for fast charging battery solutions and is confident that it will pioneer revolutions and drive new trends within the industry.

About HG Semiconductor Limited
HG Semiconductor Limited (6908.HK) is principally engaged in semiconductor product business in China, including the design, development, manufacturing, subcontracting services and sales of light-emitting diode ("LED") beads, new generation of semiconductor gallium nitride ("GaN") chips, GaN components and related application products, as well as fast charging products. Leveraging its industry expertise in LED manufacturing, the Group is dedicated to accelerating its research and development and expansion in the application of GaN related products, with an aim to become a leading semiconductor company with the integration of design, manufacturing and sales of semiconductor chips, as well as providing total solutions with higher efficiency and competitive system cost.

For more details, please visit www.hg-semiconductor.com


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