The board of directors of HG Semiconductor Limited announced that the tenure of office of Professor Chow Wai Shing, Tommy as an independent non-executive Director will expire on 2 December 2023. The Company and Prof. Chow have mutually agreed not to extend the appointment term as he intends to focus on his personal business commitment. Upon the Expiration, Prof. Chow will cease to be an independent non-executive Director of the Company and also a member of each of the audit committee, the remuneration committee and the nomination committee of the Board.