Junma Semiconductor (08490): Executive directors and controlling shareholders Zhou Boxuan and Zhou Zhenji received a bankruptcy petition

According to Zhitong Finance App News, Junma Semiconductor (08490) issued an announcement. On September 11, 2026 (after the trading period), the Company was notified by Dr. Zhou Boxuan (Dr. Zhou), the Executive Chairman, Executive Director and Controlling Shareholder of the Company, and Professor Zhou Zhenji (Professor Zhou), the Executive Director and Controlling Shareholder of the Company. The High Court of the Hong Kong Special Administrative Region has filed bankruptcy petitions against them.

According to information provided by Dr. Zhou and Professor Zhou, the bankruptcy petition involved certain loans from Junma Technology Investment Holdings Co., Ltd. (Junma Technology Investment), the controlling shareholder of the Company, and Dr. Zhou and Professor Zhou have provided certain guarantees (bankruptcy petition) for such loans. The bankruptcy petitions are scheduled to be heard on December 1, 2026.

Dr. Zhou and Professor Zhou have both informed the Company that they are seeking legal advice on the bankruptcy petition.

The Group is not a party to these loans or guarantees. The outstanding loans are borne by Junma Technology Investment and do not constitute a debt of the Group.

Although the bankruptcy petition was filed against Dr. Zhou and Professor Zhou as guarantors and was not a bankruptcy or liquidation proceeding against the Group, the Board of Directors noted: 1. Junma Technology Investment is the controlling shareholder of the Company and holds 357 million shares of the Company (accounting for about 50.6% of the Company's issued share capital); 2. Dr. Zhou and Professor Zhou are both executive directors and controlling shareholders of the Company; and 3. Should a bankruptcy petition result in a bankruptcy order against Dr. Chow and/or Professor Chow, it may affect their respective positions as directors and controlling shareholders of the Company and their ownership and/or control of their interests in the Company.

On the date of this announcement, according to information currently available to the Board, the Board was unaware that the bankruptcy petition had triggered any additional default or cross-default under any other financing arrangement of the Group.