The board of directors of HG Semiconductor Limited announced that the Group has recently started manufacturing its own 6-inch GaN epitaxial wafer for power electronics (the Wafer). The successful manufacturing of the Wafer happens far earlier than the expected timetable and paves the way to the Group's quick industrialization and mass production of GaN third-generation semiconductors. This represents a major achievement of the Group's business transformation into a supplier of GaN third-generation semiconductors and marks a milestone in the commercialisation of the Group's GaN third-generation semiconductors.

The Group remains optimistic about the prospect of manufacturing third-generation semiconductors, in particular the manufacturing and sales of GaN, and will continue to deepen its business transformation towards its aim as the industry leader in supplying third-generation GaN semiconductors to the Greater China market.