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The latest announcement is out from HG Semiconductor Limited ( (HK:6908) ).
HG Semiconductor Limited has issued a supplemental announcement ahead of its 2026 annual general meeting, providing additional details on the proposed re-appointment of Rongcheng (Hong Kong) CPA Limited as its external auditor. The board, following a recommendation from the audit committee, plans to seek shareholder approval for Rongcheng to continue in the role through the financial year ending 31 December 2026, with authority for the board to determine the auditor’s remuneration.
The company estimates the audit fee for Rongcheng at approximately RMB600,000 to RMB700,000, excluding out-of-pocket expenses, based on historical fees, market rates, business complexity and the expected audit scope and timetable. Citing the auditor’s familiarity with the group’s operations, the board considers the fee fair and reasonable and expects efficiency benefits, while noting that any material change to the underlying assumptions or final fee will trigger further disclosure, reinforcing governance transparency for shareholders.
More about HG Semiconductor Limited
HG Semiconductor Limited is a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange. The group operates in the semiconductor sector through a range of subsidiaries and prepares consolidated financial statements reflecting its business activities and growth plans in its chosen markets.
Average Trading Volume: 1,940,985
Technical Sentiment Signal: Sell
Current Market Cap: HK$568.3M
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