The board of directors of Hua Hong Semiconductor Limited hereby announced the following changes with effect from 1 May 2019: Mr. Wang Yu ("Mr. Wang") has resigned as an executive director and president of the Company; and Mr. Tang Junjun ("Mr. Tang") was appointed as an executive director and president of the Company; Mr. Tang was appointed as the authorised representative for the purpose of the Listing Rules. Mr. Tang has extensive experience in integrated circuit industry and management, and possesses strong coordination and execution ability. He has been the vice president, executive vice president and secretary of the party committee of Shanghai Huali Microelectronics Corporation ("Huali Microelectronics") since 2010. Mr. Tang has concurrently been the president of Shanghai Huali Integrated Circuit Corporation ("Huali Integrated Circuit") since August 2016. During the period from July 2008 to February 2010, Mr. Tang was the vice secretary of the party committee, president of trade union and head of administrative and government relationship of Shanghai Huahong NEC Electronics Co. Ltd. (Hua Hong NEC). Huali Microelectronics, Huali Integrated Circuit and Hua Hong NEC are connected persons (as defined under the Listing Rules) of the Company. Prior to joining Hua Hong NEC, Mr. Tang had been employed in various positions by Shanghai Bureau of Instrument and Telecommunications Industry, Shanghai Radio No.17 Factory and Shanghai Semiconductor Device No.4 Factory.