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HG Semiconductor Enters into Cooperation Framework Agreement with China Titans Energy

HONG KONG, Jun 2, 2022 - (ACN Newswire via SEAPRWire.com) - HG Semiconductor Limited ("HG Semiconductor", together with its subsidiaries, "the Group"; stock code: 6908.HK) is pleased to announce that the Group entered into a cooperation framework agreement ("Cooperation Framework Agreement") with China Titans Energy Technology Group Co., Limited ("China Titans Energy"; Stock Code: 2188.HK) on 31 May 2022, to commence a three-year strategic cooperation.China Titans Energy focuses on the development of power electronics, aiming to use advanced technology of power electronics and automation control to address the needs of power transformation, supervision, controlling, optimisation, energy saving and new energy utilization. Pursuant to the Cooperation Framework Agreement, the Group and China Titans Energy intend to cooperate on fast charging pile technology promotion and product sales in Mainland China and Hong Kong, to promote complementarity between the strength of both parties in their respective business areas:i) China Titans Energy will provide support for the Group to build advanced fast charging pile products, run fast charging pile services in Hong Kong and jointly launch fast...