Montage Technology Reveals Independent Director's Proposal for A-Share Buyback

Deep News10-20

Montage Technology (MONTAGE TECH) has issued an announcement stating that the company's board of directors received a letter on October 16, 2026 from independent director Mr. YUHUA CHENG (Cheng Yuhua) proposing that Montage Technology Co., Ltd. repurchase its A-share shares.

Mr. YUHUA CHENG (Cheng Yuhua) proposed that the company use its own funds to repurchase A-share shares through centralized bidding transactions.

The total repurchase fund amount shall be no less than RMB 300 million (inclusive) and no more than RMB 500 million (inclusive).

The repurchased shares will be fully used 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 legally perform the procedure of reducing registered capital, and the untransferred shares will be cancelled.

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