Montage Technology Independent Director Proposes A-Share Buyback

Stock News10-19

Montage Technology (06809) has announced that its board of directors received a letter on October 16, 2026 from independent director Mr. YUHUA CHENG proposing that the company repurchase its A-share shares.

The independent director proposed that the company use its own funds to buy back A-share shares through centralized bidding transactions. The total amount of funds for the share repurchase shall be no less than RMB 300 million (inclusive) and no more than RMB 500 million (inclusive).

The repurchased shares will be used entirely for employee stock ownership plans or equity incentives at an appropriate time in the future, and will be transferred within three years after the announcement date of the share repurchase implementation results and share changes. If the repurchased shares cannot be fully transferred within three years after the announcement date of the share repurchase implementation results and share changes, the company will follow legal procedures to reduce its registered capital, and the untransferred shares will be cancelled.

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