Huaqin lifts Nexchip Semiconductor stake to 10.82% via HK$144.17 million on-market purchase

Bulletin Express07-22

Huaqin Co., Ltd. (Huaqin) disclosed that wholly owned subsidiary Huaqin Telecom Hong Kong Limited acquired 4.45 million H-shares of Nexchip Semiconductor Corporation on 22 July 2026. The purchase price averaged HK$32.39 per share, bringing total consideration to HK$144.17 million and raising Huaqin’s holding in Nexchip to 10.82% of issued share capital.

Including a series of earlier purchases completed between August 2025 and 20 July 2026—aggregating 11.69%—the latest transaction is treated as part of a single series under Hong Kong Listing Rule 14.22. On the aggregated basis, the applicable percentage ratios exceed 5% but remain below 25%, classifying the deal as a discloseable transaction that requires announcement but not shareholder approval.

Funding and Pricing • Consideration: HK$144.17 million, settled entirely in internal cash resources, with no use of Global Offering proceeds. • Pricing: Determined by prevailing market prices during open-market trades on the Hong Kong Stock Exchange. • Post-deal stake: 10.82% of Nexchip’s issued shares.

Strategic Rationale Huaqin states the enlarged position reflects confidence in Nexchip’s long-term prospects and is intended to deepen upstream–downstream collaboration within the semiconductor supply chain, strengthening Huaqin’s competitive positioning.

Target Company Snapshot Nexchip Semiconductor is a PRC-based pure-play 12-inch wafer foundry with dual listings in Shanghai (STAR Market) and Hong Kong. Key financial metrics (China Accounting Standards, RMB): • Revenue: 2024 – 9.25 billion; 2025 – 10.89 billion; Q1 2026 – 2.91 billion. • Profit before tax: 2024 – 482.46 million; 2025 – 466.69 million; Q1 2026 – 28.57 million. • Net profit attributable to shareholders: 2024 – 532.84 million; 2025 – 704.20 million; Q1 2026 – 50.66 million. • Total assets at period-end: Dec-2024 – 50.40 billion; Dec-2025 – 53.30 billion; 31 Mar 2026 – 54.71 billion. • Net assets attributable to shareholders: Dec-2024 – 20.87 billion; Dec-2025 – 21.77 billion; 31 Mar 2026 – 21.92 billion.

Regulatory Status The transaction complies with Chapter 14 of the Hong Kong Listing Rules as a discloseable transaction, requiring public disclosure but exempt from shareholder vote, as confirmed by Huaqin’s board.

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