HUA HONG SEMI announced that starting from January 1, 2025, Bai Peng has been appointed as the company's executive director and president, replacing the former president Tang Junjun. Tang Junjun will remain as the chairman of the Board of Directors and executive director. Bai Peng will be responsible for the daily management of the company's Business and operations as well as the implementation of Business strategy.Bai Peng, 62 years old, has over 30 years of experience in the Integrated Circuits manufacturing field. He previously served as the CEO of Rongxin Semiconductor Co., Ltd., and held several key positions at Intel, including vice president of the company. Bai Peng graduated from the University of Bucharest with a bachelor's degree in physics...Show More

HUA HONG SEMI announced that starting from January 1, 2025, Bai Peng has been appointed as the company's executive director and president, replacing the former president Tang Junjun. Tang Junjun will remain as the chairman of the Board of Directors and executive director. Bai Peng will be responsible for the daily management of the company's Business and operations as well as the implementation of Business strategy.Bai Peng, 62 years old, has over 30 years of experience in the Integrated Circuits manufacturing field. He previously served as the CEO of Rongxin Semiconductor Co., Ltd., and held several key positions at Intel, including vice president of the company. Bai Peng graduated from the University of Bucharest with a bachelor's degree in physics and obtained a PhD in physics from Rensselaer Polytechnic Institute. Bai Peng will sign a three-year service contract with the company, with compensation including a base salary and performance bonuses.The Board of Directors welcomes Bai Peng's addition. As of the announcement date, Bai Peng has no affiliations with the company's directors, executives, or major Shareholders, and has not served as a director in any listed company in the past three years, nor does he Hold any shares in the company. This personnel change reflects HUA HONG SEMI's strategic layout for future development, which is expected to bring new management ideas and development opportunities to the company.