Hua Hong Semiconductor : CLARIFICATION ANNOUNCEMENT

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HUA HONG SEMICONDUCTOR LIMITED

華 虹 半 導 體 有 限 公 司

(Incorporated in Hong Kong with limited liability)

(Stock code: 1347)

CLARIFICATION ANNOUNCEMENT

Reference is made to the announcement of Hua Hong Semiconductor Limited (the "Company") on the grant of share options under Share Option Scheme dated 23 December 2019 (the "Announcement"). Unless otherwise stated, capitalised terms used herein shall have the same meaning as defined in the Announcement.

The Company wishes to clarify that the maximum number of Options the Company can grant under the Share Option Scheme as approved by the shareholders of the Company at the extraordinary general meeting of the Company on 28 March 2019 is 3,500,000 Options. The grantees of the 2,482,000 Options on 23 December 2019 are entitled to subscribe up to 2,482,000 Shares, instead of 3,500,000 Shares.

Saved as disclosed above, all other information in the Announcement remains unchanged.

By Order of the Board

Hua Hong Semiconductor Limited

Mr. Suxin Zhang

Chairman and Executive Director

Shanghai, PRC, 30 December 2019

As at the date of this announcement, the directors of the Company are:

Executive Directors:

Suxin Zhang (Chairman)

Junjun Tang (President)

Non-Executive Directors:

Yang Du

Takayuki Morita

Jing Wang

Jun Ye

Independent Non-Executive Directors:

Stephen Tso Tung Chang

Kwai Huen Wong, JP

Long Fei Ye