HG Semiconductor agrees to early redemption of HKD 41.42 million debt

• HG Semiconductor agreed on November 6, 2026, to redeem its promissory note early, settling HK$ 41.42 million owed to Red Mont Global.
• Settlement includes 115,534,618 shares at HK$ 0.22 each, repaying HK$ 25.42 million.
• The remaining HK$ 16 million will be settled through unsecured convertible bonds bearing 1.6% annual interest, maturing two years from completion.
• Full conversion at HK$ 0.26 per share would yield 61,538,461 shares.
• Completion requires independent shareholder approval and listing permission for the new shares, with a February 28, 2027, long-stop date.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HG Semiconductor Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261106-12404804), on November 06, 2026, and is solely responsible for the information contained therein.